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United Kingdom

GKN PLC (GKN.L)

GKN.L on London Stock Exchange

299.80GBp
11 Dec 2017
Change (% chg)

1.10 (+0.37%)
Prev Close
298.70
Open
298.40
Day's High
300.40
Day's Low
298.00
Volume
1,263,921
Avg. Vol
9,916,168
52-wk High
379.30
52-wk Low
280.00

Latest Key Developments (Source: Significant Developments)

GKN says Kevin Cummings CEO designate to step down, Anne Stevens steps in
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Gkn Plc :REG-GKN PLC: BOARD CHANGE AND GUIDANCE UPDATE.‍KEVIN CUMMINGS, PREVIOUSLY CEO DESIGNATE, WILL LEAVE BOARD AND GKN WITH IMMEDIATE EFFECT​.GKN PLC - ‍BOARD HAS ASKED ANNE STEVENS, CURRENTLY NON-EXECUTIVE DIRECTOR OF BOARD, TO ASSUME ROLE OF INTERIM CHIEF EXECUTIVE WITH EFFECT FROM 1 JANUARY 2018.‍AS PLANNED, NIGEL STEIN WILL CONTINUE AS CHIEF EXECUTIVE UNTIL HE RETIRES FROM ROLE ON 31 DECEMBER 2017​.SAYS WITH ‍EXCEPTION OF WORKING CAPITAL WRITE-OFF, ALL OTHER GUIDANCE FOR FULL YEAR REMAINS UNCHANGED​.  Full Article

‍GE Additive signed MoU with GKN PLC for additive manufacturing​
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - General Electric Co :Co, Concept Laser, Arcam AB have signed MoU with GKN to collaborate on additive manufacturing​.Agreement includes provision of additive machines and services to GKN, allowing them to be a GE Additive production partner​.‍GKN also becomes a non-exclusive preferred AM powder supplier to GE Additive, affiliated companies​.  Full Article

GKN expects higher FY management profit before tax
Friday, 13 Oct 2017 

Oct 13 (Reuters) - Gkn Plc ::TRADING UPDATE FOR PERIOD SINCE HALF YEAR RESULTS ANNOUNCEMENT ON 26 JULY 2017​.NOW EXPECTS MANAGEMENT PROFIT BEFORE TAX FOR 2017 TO BE SLIGHTLY ABOVE 2016​.‍HAS BEEN MADE AWARE OF TWO PROBABLE CLAIMS WHICH ARE EXPECTED TO RESULT IN A CHARGE OF AROUND £40 MILLION IN Q4​.MADE AWARE OF TWO PROBABLE CLAIMS WHICH ARE EXPECTED TO RESULT IN A CHARGE OF AROUND £40 MILLION IN Q4 OF 2017​.‍ONE RELATES TO GKN AEROSPACE AND OTHER GKN DRIVELINE​.‍OVERALL IN Q3, GROUP ACHIEVED GOOD ORGANIC SALES GROWTH​.‍BOTH CLAIMS ARE COMMERCIALLY SENSITIVE WITH NO ADDITIONAL INFORMATION DISCLOSABLE AT THIS TIME​.‍CLAIMS ARE COMMERCIALLY SENSITIVE WITH NO ADDITIONAL INFORMATION DISCLOSABLE AT THIS TIME.​.‍WITH GKN DRIVELINE CONTINUING TO OUTPERFORM MARKET AND GKN AEROSPACE DELIVERING SALES SLIGHTLY UP ON PRIOR YEAR​.‍GROUP TRADING MARGIN IN Q3 WAS LOWER THAN COMPARABLE PERIOD IN PRIOR YEAR​.‍GROUP TRADING MARGIN IN Q3 WAS LOWER THAN COMPARABLE PERIOD IN PRIOR YEAR​.‍IN COMMERCIAL AEROSPACE, Q3 SALES WERE MARGINALLY DOWN WHILST MILITARY SALES WERE UP COMPARED TO PRIOR YEAR​.‍GKN DRIVELINE CONTINUED TO DELIVER GOOD Q3 SALES WELL AHEAD OF GLOBAL INDUSTRY PRODUCTION RATES THAT WERE UP 2%​.‍GKN AEROSPACE. CURRENT TRADING IN Q3 HAS BEEN DISAPPOINTING​.‍GKN POWDER METALLURGY'S ORGANIC SALES GROWTH CONTINUED IN Q3​.‍GKN DRIVELINE'S TRADING PROFIT CONTINUES TO BEAR ADDITIONAL COSTS OF RAW MATERIALS AND EDRIVE INVESTMENTS​.  Full Article

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Barclays to add current Babcock chairman to board

Barclays Plc said it would add Mike Turner, current chair of British engineering firms Babcock International Group Plc and GKN, to its board as a non-executive director.