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INVESTOR
INFORMATION - LATEST NEWS
The Company is pleased to announce the appointment of Mark Cropper as Deputy Chairman of James Cropper PLC with effect from 24 April 2008. Mark, 34 is the sixth generation of the Cropper family to be involved in the business. He joined the Board in 2006.
The Board of James Cropper PLC announce the appointment of David Wilks as a Non-Executive Director, with effect from today (1 April 2004). Mr Wilks, LIB (Hons) aged 49, is Director of Wilks & Partners, the management consultancy he founded in 2001. Prior to this, he built up extensive manufacturing operations experience with H.J. Heinz and as a management consultant establishing the Northern office of Cambridge based ER Consultants. The Company also announces the intention of John Southwell to step down as Non-Executive Director following the conclusion of the 2004 Annual General Meeting in July, having being a member of the Board since 1972. Commenting on these Board changes, Alun Lewis, Chief Executive, James Cropper PLC said: "We are delighted to welcome David to our team. His wealth of experience, particularly gained in the manufacturing sector will be invaluable to the Group. I expect his advice and counsel will prove to be highly beneficial to the Board." "John's retirement means he will be greatly missed at James Cropper, given his long standing involvement with the Group. However, with the appointment of David Wilks, we have secured a high calibre Non-Executive Director to follow in John's footsteps."
"The uncertainty generated by the terrorist attack on the United States and consequent actions on top of the global slowdown makes it extremely difficult to forecast the outcome for the full year. Demand in all three of our businesses is anticipated to be subdued in the second half. The Group is well equipped and ready to take full advantage of the return to normal market and economic conditions." "We expect increasing benefits from the Papermaking Division's plans to improve efficiency and reduce costs." "Capital
expenditure for the current year will be lower than the previous
year thus strengthening cash flow and reducing borrowings ensuring
that the Group remains financially strong."
"I
am pleased to report that the Group has had a good opening quarter
of the current financial year with profits of all three businesses
at a higher level than the same period last year."
"I am delighted to report that the Group has recovered strongly". "The
financial position of the Group has strengthened markedly during
the year with all three businesses trading profitably and strong
cash flow reducing borrowings, with gearing closing at 27%". Click here for the full report
Beeson
Gregory, the newly appointed house-stockbroker to James Cropper
PLC, issued a research report on the Group on 20 November 2001.
ProShare Commends Cropper Web Site - November 2001 The
James Cropper web site was commended in the 'Best web site for private
investors (non FTSE 100)' category in the ProShare 2001 Awards,
the Rt Hon Patricia Hewitt MP was guest speaker at the awards.
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