lincat today announces that it has completed the sale to aga rangemaster group plc (\u201daga\u201d) of the business and principal assets of mercury appliances limited, its domestic range cooker manufacturer.<\/p>\n
in the year to december 2008 mercury made a pre-tax loss of \u00a3130k on a turnover of \u00a31.8m. the \u00a3425,000 proceeds of disposal are expected to more than cover the costs of exit from this business.<\/p>\n
martin craddock, chairman: \u201cmercury has achieved much since it was launched by the group in 2000 but we recognise that it will enjoy better prospects and a more secure future as part of a larger organisation such as aga, which operates solely within the domestic appliance market. i would like to pay tribute to the staff of mercury and especially to jenny hyatt, mercury\u2019s managing director, who will be taking the business forward under aga\u2019s ownership.\u201d<\/p>\n
source: london stock exchange<\/p>\n","protected":false},"excerpt":{"rendered":"
lincat today announces that it has completed the sale to aga rangemaster group plc (\u201daga\u201d) of the business and principal assets of mercury appliances limited, its domestic range cooker manufacturer.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[27],"tags":[7,6,5],"_links":{"self":[{"href":"https:\/\/www.glotechrepairs.co.uk\/news\/wp-json\/wp\/v2\/posts\/18"}],"collection":[{"href":"https:\/\/www.glotechrepairs.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.glotechrepairs.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.glotechrepairs.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.glotechrepairs.co.uk\/news\/wp-json\/wp\/v2\/comments?post=18"}],"version-history":[{"count":5,"href":"https:\/\/www.glotechrepairs.co.uk\/news\/wp-json\/wp\/v2\/posts\/18\/revisions"}],"predecessor-version":[{"id":20,"href":"https:\/\/www.glotechrepairs.co.uk\/news\/wp-json\/wp\/v2\/posts\/18\/revisions\/20"}],"wp:attachment":[{"href":"https:\/\/www.glotechrepairs.co.uk\/news\/wp-json\/wp\/v2\/media?parent=18"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.glotechrepairs.co.uk\/news\/wp-json\/wp\/v2\/categories?post=18"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.glotechrepairs.co.uk\/news\/wp-json\/wp\/v2\/tags?post=18"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}