Acquisitions give H & G earnings a solid boost

Diversified industrial Hancock & Gore announced a one-for-10 bonus issue yesterday and said it was on track for another year of earnings growth, with first-quarter operating income ahead of last year.

The chairman of H & G, Mr Robert Constable, said the group planned the increase in the number of tradeable shares as a small step towards achieving eligibility for inclusion in the All OrdinariesIndex within the next two to three years.