Financial Services Industry
Industry: Email Alert RSS FeedTT ELECTRON. (TTG).
Investors Chronicle, September, 2005
In July, TT Electronics warned that first-half underlying trading profit would fall. The group's shares plummeted 12 per cent on the news, and were pummelled again in August when fellow automotive supplier First Technology issued a profit warning.
In the event, TT's first half wasn't as bad as expected, with underlying pre-tax profits rising 3 per cent to GBP11.4m. Reported pre-tax profit was boosted by a GBP5m exceptional gain from the sale of a Gravesend site. TT is now looking overseas for cheaper manufacturing sites. Around 35 per cent of the workforce is now based in low-cost regions and March's acquisition of Dage provided TT with manufacturing and product sourcing facilities in China. However, in some cases, TT has decided that it cannot compete with...
- How to choose the right insurance carrier for your business
- Real Estate: Prepare your properties to weather what lies ahead
- Technology: Be prepared if part of your global supply chain goes missing
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
