1. term essay
... the programme were Grove Worldwide, Spectrum Construction, Melody Radio and Air Hanson. The £504.2 million realised from the disposals has greatly strengthened our balance sheet and we now have net cash of £37.6 million. This puts us in a strong position. The sale programme obviously took up a great deal of management time, which can now be fully focused on future ... of the business and the engine of shareholder value creation. For example, 1998 was an extremely positive year from a cash perspective. Hanson went from net borrowings of £216.6 million at the beginning of the year to n...
- Word Count: 2430
- Approx Pages: 10
- Grade Level: Undergraduate