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United Kingdom

Chemring Group PLC (CHG.L)

CHG.L on London Stock Exchange

216.50GBp
24 Sep 2018
Change (% chg)

0.50 (+0.23%)
Prev Close
216.00
Open
220.00
Day's High
220.50
Day's Low
215.50
Volume
69,190
Avg. Vol
312,084
52-wk High
239.50
52-wk Low
162.00

Latest Key Developments (Source: Significant Developments)

Chemring Says Investigation Into Explosion At Its UK Factory Ongoing
Tuesday, 4 Sep 2018 

Sept 4 (Reuters) - Chemring Group Plc ::FOLLOWING INCIDENT ON 10 AUGUST AT CCM FACILITY IN SALISBURY, CO'S INJURED COLLEAGUE REMAINS IN HOSPITAL RECOVERING FROM HIS INJURIES.INVESTIGATION INTO INCIDENT, WHICH OCCURRED IN AN MTV FLARE MIXING BUILDING AT GROUP'S SALISBURY SITE IN UK, IS ONGOING.INCIDENT'S IMPACT ON UNDERLYING OPERATING PROFIT IN CURRENT FY LIKELY TO BE AROUND MIDDLE OF RANGE OF 10 MLN POUNDS - 20 MLN POUNDS.GROUP IS STILL ASSESSING INCIDENT'S IMPACT ON 2019 FINANCIAL YEAR WHICH WILL BE DEPENDENT ON SITE RESTART PLAN.HAS ENGAGED WITH ITS INSURERS RELATING TO INCIDENT, BUT IT IS TOO EARLY TO ASSESS AMOUNT OF ANY CLAIM OR LIKELY TIMING OF ANY PAYMENTS.IN COUNTERMEASURES, PERIOD HAS SEEN POSITIVE CUSTOMER DEMAND, RESULTING IN 78 MLN OF ORDERS RECEIVED.WITH EXCEPTION OF IMPACT OF CCM INCIDENT, TRADING ACROSS GROUP REMAINS IN LINE WITH BOARD'S EXPECTATIONS.  Full Article

Chemring Group Announces Contract Awards
Monday, 2 Jul 2018 

July 2 (Reuters) - Chemring Group Plc ::CONTRACT AWARDS.ITS U.S. BASED SUBSIDIARY HAS BEEN AWARDED TWO CONTRACTS TOTALLING APPROXIMATELY $42 MILLION.FIRST CONTRACT FOR MANUFACTURE AND DELIVERY OF M206 AND MJU-7A/B INFRARED DECOYS FOR US ARMY AND AIR FORCE, IS VALUED AT ABOUT $32 MILLION.SECOND CONTRACT FOR MANUFACTURE AND DELIVERY OF MJU-66 SPECIAL MATERIAL DECOYS FOR US AIR FORCE, IS VALUED AT ABOUT $10 MILLION.  Full Article

Chemring Says Chief Executive Michael Flowers To Retire
Tuesday, 1 May 2018 

May 1 (Reuters) - Chemring Group PLC ::GROUP CHIEF EXECUTIVE MICHAEL FLOWERS HAS INFORMED BOARD OF HIS DECISION TO RETIRE.PROPOSED APPOINTMENT OF MICHAEL ORD AS MICHAEL FLOWERS' SUCCESSOR AS CEO.  Full Article

Chemring Group Says UK Ministry Of Defence Confirmed Orders For Next Two Years
Thursday, 19 Apr 2018 

April 19 (Reuters) - Chemring Group PLC ::CONTRACT AWARD.ANNOUNCE THAT UK MINISTRY OF DEFENCE ("MOD") HAS NOW CONFIRMED ORDERS FOR NEXT TWO YEARS TOTALLING APPROXIMATELY £23 MILLION..  Full Article

Chemring Says FY Revenue rises to 547.5 Mln Stg
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Chemring Group Plc ::FY UNDERLYING PRETAX PROFIT ROSE 30 PERCENT TO 44.1 MILLION STG.FY REVENUE FROM CONTINUING OPERATIONS 547.5 MILLION STG VERSUS 477.1 MILLION STG YEAR AGO.FINAL DIVIDEND 2 PENCE PER SHARE.TOTAL DIVIDEND 3 PENCE PER SHARE.‍FY18 TRADING PERFORMANCE FOR COUNTERMEASURES IS EXPECTED TO BE POSITIVE, ALBEIT WITH A SIGNIFICANT BIAS TOWARDS SECOND HALF​.  Full Article

Chemring Group sees trading performance for year to Oct 31 to be slightly ahead of board's expectations
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - CHEMRING GROUP PLC ::‍GROUP'S TRADING PERFORMANCE FOR YEAR TO 31 OCTOBER IS EXPECTED TO BE SLIGHTLY AHEAD OF BOARD'S EXPECTATIONS.​.‍FULL YEAR REVENUE OF £547M, AN INCREASE OF 15% ON PRIOR YEAR​.‍GROUP'S ORDER BOOK AT 31 OCTOBER 2017 WAS £478M​.  Full Article

Chemring working on restart of CCM factory after blast

Defence contractor Chemring Group Plc said on Tuesday it was working with regulators on a plan to restart its Chemring Countermeasures (CCM) factory after an explosion last month that killed one employee and injured another.