IN BRIEF
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111 Container leasing company, Tiphook is looking to raise about £12 million in a rights issue. Last year the company joined the Unlisted Securities Market and has since grown by 77% to 225,3 million, with pre-tax profit up 67% to 22.7 million,
• P & O's half year pretax profits rose by 211.3 million to £69.8 million, on a turnover down £55.5 million at £721.3 million, The company says present progress should continue in the second half of the year, in time for the company's . 150th anniversary.
• MAN reports a drop in sales revenue from DM 14.6 billion to DM 13.7 billion (24.7 billion to £4.47 million) in the year to June 30. The company blames currency changes for a drop in sales and order figures. Sales in Germany were slightly up on last year.
• Western Motor Holdings has almost doubled its pre tax profits in the first half of this year, but the volatility of the company's business has led the directors to remain cautious about full year results. Six month turnover stands at £5.1 million, up £4.82 million on the same period last year. Pre tax profits stand at 2419,000 compared with £176,000 in the same period last year.
• Motor distribution group Evans Halshaw increased profit in the first half of this year by 52% to £1.33 million. Turnover during that period was also up, at £85.96 million compared with £74.6 million in the same period last year.
• Gearbox and axle manufacturer Newage Transmissions is planning to launch itself on the Unlisted Securities Market, with the sale of 30% of its equity at a price of 75 pence per share, valuing the company at £8.79 million.