Btr - End Of Year Review

In a recently released trading statement, the Anglo-Australian company BTR said that it had disposed of businesses representing UK£1.6bn (US$2.60bn) of turnover, against a target of UK£2.3bn of sales it aims to have achieved by the end of 1997. The company's new strategy, launched by chief executive Ian Strachan in September last year, seeks to generate profitable growth by concentrating on its top industrial manufacturing and engineering businesses. The company now expects to use about £100m of a restructuring provision announced last September. Actions already taken include reorganising several German industrial units and glass packaging operations in Australia.