Thursday, September 07, 2006

tomkins / rippleeffekt us to europe

bin gespannt welche firmen noch in den sog mitgerissen werden

von bloomberg

Tomkins Shares Drop as Profit to Miss Targets on U.S.

By Brian McGee
Sept. 7 (Bloomberg) --


highlights:

Shares of Tomkins Plc, the world's biggest maker of car wiper blades, fell the most in 14 years after the company said profit will miss targets on slumping U.S. demand for its vehicle parts and home fittings.

Falling U.S. auto sales and the worst housing slump since 2001 are weighing on earnings at the London-based company. Tomkins gets two-thirds of sales in the world's biggest economy, where it makes air-conditioning systems and bathtubs and supplies parts to Ford Motor Co. and General Motors Corp.

Tomkins stock fell as much as 16 percent after the company said in a statement that third-quarter results will fall short of analyst estimates

The shares dropped as much as 44.75 pence to 238 pence, the sharpest decline since Oct. 29, 1992 and the worst performance on the Dow Jones Stoxx 600 Index of Europe's biggest companies.

Tomkins, which makes timing belts for car engines and one in four U.S. bathtubs

Construction companies and suppliers of building materials with U.S. operations were marked down by investors. Homebuilder Taylor Woodrow Plc, which gets 50 percent of profit in North America, fell as much as 3 percent. U.K.-based Wolseley Plc, the world's biggest distributor of plumbing and heating equipment, dropped 3.7 percent. It gets half its revenue in the U.S.

gruß
jan-martin

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