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(From Financial Director)
Ken Lever doesn't believe in making life easy for himself. As finance director of Tomkins, he bears a large part of the credit for the group's return to the FTSE-100 index, and for helping to keep it there. At the time of our interview in early March, Tomkins was ranked number 92 - just high enough to avoid demotion to the FTSE-250, the fate that would befall the former industrial giant Invensys just a week later.
Lever says that Tomkins is benefiting from an inversion of the imbalance between market value and economic value that saw it kicked out of the FTSE-100 in March 1999 as industrials and conglomerates lost out, making ...