A new chief executive is shaking up the management and reducing overhead costs. Profits are expected to rise to 2.5m in 2001. Dresdner Kleinwort Benson says buy at 583p. Sales are expected to rise as demand for traffic data surges in Europe. Charterhouse Securities says buy at 188p.
Results show another year of good progress.
The imminent installation of a reverse osmosis plant should also reduced overheads. Charterhouse Securities says buy at 76p. TBI has become the world's largest operator of regional airports in the past 12 months and profits for the year were beyond expectations. Schroder Salomon Smith Barney says buy at 410p. This specialist in renting power, air conditioning and temperature control equipment is experiencing growth and is expanding its geographical coverage.