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United Kingdom

Fenner PLC (FENR.L)

FENR.L on London Stock Exchange

482.20GBp
18 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Fenner Sees To Achieve Operating Outcome For Current Financial Year Above Previous Expectations
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Fenner Plc ::HAS HAD A ROBUST START TO ITS FINANCIAL YEAR.UNDER US TAX REFORMS ENACTED IN DEC, EXPECTS THAT ITS UNDERLYING TAX RATE FROM FY19 ONWARDS WILL REDUCE BY AROUND 5 PERCENTAGE POINTS.FY18 UNDERLYING TAX RATE IS NOW EXPECTED TO REDUCE TO AROUND 28%.WILL ACHIEVE AN OPERATING OUTCOME FOR CURRENT FINANCIAL YEAR WHICH IS ABOVE ITS PREVIOUS EXPECTATIONS.  Full Article

Fenner Names Brett Simpson As New CEO
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Fenner Plc ::FENNER PLC IS PLEASED TO ANNOUNCE APPOINTMENT OF BRETT SIMPSON AS ITS NEW CHIEF EXECUTIVE OFFICER.MR SIMPSON WILL JOIN COMPANY ON 1 MAY 2018 AND WILL TAKE OVER FROM MARK ABRAHAMS AS CHIEF EXECUTIVE OFFICER FROM THAT DATE.  Full Article

Fenner Plc posts FY pretax profit of 38.1 mln pounds
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - FENNER PLC ::FY PRETAX PROFIT 38.1 MILLION STG VERSUS -30.3 MILLION STG LOSS YEAR AGO.FY REVENUE ROSE 14 PERCENT TO 655.4 MILLION STG.FINAL DIVIDEND UP 40 PERCENT TO 2.8 PENCEPER SHARE.TOTAL DIVIDEND 4.2 PENCEPER SHARE."‍BELIEVE COMING YEAR WILL SEE FURTHER PROGRESS ACROSS GROUP"​.FY ‍UNDERLYING OPERATING PROFIT 59.1MLN POUNDS VERSUS 37.1M​LN POUNDS.  Full Article

Fenner completes restructuring of advanced sealing technlogies unit
Wednesday, 15 Feb 2017 

Fenner Plc : Disposal . Advanced Sealing Technologies group of businesses has completed final part of its restructuring to reposition its CDI European operations . Cdi has retained its operation in Singapore, which is also a key market for its products . Completed disposal of its Norwegian business on Feb. 13 .Gross assets disposed with this transaction equate to less than 1 pct of Advanced Sealing Technologies' gross assets.  Full Article

Fenner sells Xeridiem Medical Devices for $10.5 mln cash
Friday, 2 Sep 2016 

Fenner Plc : Disposal . Disposal yesterday of Xeridiem Medical Devices Inc to Ppc Industries Inc for a consideration of $10.5 million, payable in cash . Proceeds of sale will initially be used to reduce Fenner's net indebtedness .During year ended aug 31, 2015, Xeridiem achieved operating profit of $0.2 million before certain non-recurring items, had gross assets of about $3.2 million.  Full Article

Fenner says Q3 trading reflected further improvements
Wednesday, 13 Jul 2016 

Fenner Plc : Fenner is providing its customary trading update covering period from 1 March to 12 July 2016. . Trading results for Q3 have reflected further improvements in line with our plans. . Performance is against backdrop of our principal markets having shown no recovery and, in some cases, having deteriorated further . In response to these conditions, group has succeeded in achieving further benefits from operational efficiencies and market share gains. . AEP's medical businesses have continued to perform well and secant relocation programme is now entering testing and certification phase . Although industrial businesses are seeing some fragility in their wider markets, new product initiatives are offsetting these effects. . In Northern Hemisphere, ECS's industrial businesses have remained stable whilst us coal industry continues to be challenging . Refocussing of our North American business remains on track. . In Australia, ECS's operational improvements have mitigated on-going pricing pressures from customers in mining industry. .Board expects that group will achieve an overall outcome for financial year ending 31 August 2016 in line with previous expectations.  Full Article

Fenner says High Court approves capital reduction
Wednesday, 6 Jul 2016 

Fenner Plc : Co today received confirmation of High Court in London approving Fenner's reduction of share capital . Capital reduction .Reduction and cancellation created 127.98 million pounds of additional distributable reserves out of co's share premium account, merger reserve.  Full Article

Fenner CEO Nicholas Hobson steps down with immediate effect
Wednesday, 8 Jun 2016 

Fenner Plc : Nicholas Hobson, CEO, has stepped down from board with immediate effect, and will be leaving group after serving his contractual notice period . Nick will be on garden leave for period of notice to enable him to continue with treatment for his ill health . Has commenced processes to identify external candidates for positions of ceo and non-executive chair .Until a permanent CEO is identified, Mark Abrahams has agreed to step back into role of CEO and relinquish his chairmanship of company.  Full Article

Fenner Plc says interim dividend rebased to 1.0p per share
Wednesday, 27 Apr 2016 

Fenner Plc:Says interim dividend of 1.0p has been rebased to a level more appropriate to the group's current, albeit cyclically depressed, earnings.Says interim dividend for year ending Aug. 31, 2016 is due for payment on Sept. 7, 2016 and so has not been recognised as a liability at Feb. 29, 2016.Says it will be paid to shareholders on register on July 29, 2016.  Full Article

Just Eat to join top table of British business

LONDON Online food-delivery service Just Eat will join Britain's leading share index in December, after rapid growth more than trebled its value since it was listed in 2014, FTSE Russell confirmed on Wednesday.