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The Financial Director interview - Forget about the earnings.

Europe Intelligence Wire

| April 01, 2003 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(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 ...

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