Marlowe Plc: A Healthy Development
Marlowe Plc: A Healthy Development
Spin-off of Occupational Health division paves way for sale of core TIC business.
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In this issue of the newsletter, I provide an update on another live break-up event situation playing out in the Model Portfolio, following recent events at OCI and Dowlais Group Plc.
Marlow Plc (MRL) announced last week that it was spinning off its Occupational Health (OH) business to focus on its core Testing, Inspection and Certification (TIC) division, where the strategy is now to drive organic growth and deliver margin expansion and improved FCF generation.