Hints and tips:
...Traditionally, going back to rural areas has been a safety valve for when jobs in Bangkok and other cities have been lost....
...The FTSE 250 group is selling the unit for £314m in cash as chief executive Jon Stanton seeks to focus the manufacturer on mining kit....
...And as stores begin to reopen, even small businesses that once preferred cash are turning to contactless payment to encourage social distancing....
..., which sells valves and seals to the power and oil industries....
...Yet the company is still burning through cash, spending nearly $600m in recent months partly to acquire customers by offering cashback and discounts....
...A version of this article was first published by the Nikkei Asian Review. ©2019 Nikkei Inc. All rights reserved....
...” ● Exane BNP Paribas cuts IMI to “neutral” and upgrades Rotork to “outperform” in a review of UK-listed capital goods companies....
...The Mouse had gained tech lustre from hobnobbing with the author of Lean In and the co-founder of Donald Trump’s favourite pressure valve....
...Put another way, this means they have found a release valve for 70 per cent of the foreign cash they generated in the period. It is not hard to find where the money went....
...Streamlining valve maker IMI into an industrial flow control specialist over the past few years has made the company a purer play on industrial and commodity markets....
...Enbridge estimates that between 2014 and 2019 the combined cash flow available for dividends will grow at a double-digit rate....
...Secondary share markets have developed and act as a release valve....
...Another casualty is IMI, which makes valves for power stations and offshore installations....
...QUERY IMI gained 1.8 per cent to 871.5p after its full-year results beat expectations....
...Speculative interest lifted IMI by 4.5 per cent to 793p. The valve maker hit a three-year low this week after results from US peer Pentair....
...Instead of worrying over valves and pipelines, Ahmed spent much of his time at Tuweinan parsing a high-stakes mind game with his militant overseers....
...In 2013, a Berkshire subsidiary paid $1.1bn for two divisions of London-listed IMI....
...His chairmanly credentials have supposedly been burnished by finding a replacement for Martin Lamb at IMI, a beer pumps to oil valves business....
...IMI, which makes valves that control the flow of fluids, said it would return £620m to investors....
...are for general information and do not constitute investment advice Redwood fund assets by percentage iShares GBP Corporate Bond 1-5 ETF: 15.0% Vanguard UK Short Term Investment Grade Bond Index Fund Inc...
...A Berkshire Hathaway company has agreed to pay $1.1bn in cash for two units of IMI, the UK engineering group, including its drinks dispenser division that supplies Coca-Cola, PepsiCo and McDonald’s....
...IMI’s valves are used in items ranging from drink dispensers to trucks to nuclear power plants, and the company has also become a beneficiary of the shale gas boom....
...We have been busily bringing out new valves to address the demand within that market,” he said, identifying refineries and petrochemical plants as IMI’s main customers....
...The cash and stock bid represented a 21 per cent premium to the value of Aspen’s shares at the close of trading on Friday....
...$1.1bn in cash....
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