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1.Market Observations

19 Feb 2014 (AFR) – Car markers’ exit hits Ansell – Manufacturing decline hits Ansell

(19 Feb 2014, AFR, p29, Max Mason)

‘The fit, it seems, isn’t right for Ansell investors, who were less than impressed with the glove maker’s weak organic revenue growth of just 1 per cent in the first half. Ansell chief executive Magnus ­Nicolin said the trickle-down effect of car manufacturers Holden, Ford and Toyota preparing to leave domestic production is hitting purchases of the protective equipment Ansell supplies.’

Read more at AFR.com (might need AFR login access)

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