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Name | Symbol | Market | Type |
---|---|---|---|
Ft Minr | LSE:MINR | London | Exchange Traded Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,633.60 | 1,620.20 | 1,638.60 | 0 | 09:00:05 |
RNS No 3510q JOHNSON MATTHEY PLC 3rd June 1998 Johnson Matthey sells UK Minerals Business Johnson Matthey announces that it has sold its UK Minerals business to Tilcon South Limited, part of Minorco, for approximately #6.0 million. The UK Minerals business was part of Johnson Matthey's Ceramic Materials Division which was formed after the recent acquisition of 100% of Cookson Matthey Ceramics plc, Johnson Matthey's former joint venture with Cookson Group. The business activities of UK Minerals include the processing and resale of a variety of minerals used in applications ranging from brick manufacturing, refractory glazes, and thermal insulation products to road surfacing and floor products. In the year ended 31st December 1997 the business earned operating profits of approximately #0.9 million on sales of #10.8 million and had net assets of approximately #4.0 million. Chris Clark, Johnson Matthey's Chief Operating Officer, commented: "Since establishing our Ceramic Materials Division we have been taking steps to focus the business on its core ceramic markets, reduce costs and improve returns. The sale of UK Minerals, which is peripheral to our mainstream activities, is one more step in that process." Enquiries: Ian Godwin - Group Public Relations Manager 0171- 269 8410 Howard Lee - Gavin Anderson & Co 0171- 457 2345 END DISFLGGVRZZLRMM
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