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United Kingdom

Chemring Group PLC (CHG.L)

CHG.L on London Stock Exchange

203.00GBp
1:45pm BST
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-1.00 (-0.49%)
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204.00
Open
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Volume
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Mon, Aug 13 2018

Chemring profit to fall after fatal factory blast; shares slide 24 percent

Shares of Chemring Group Plc slumped by almost a quarter on Monday after the defence contractor said an explosion at one of its UK factories would lower full-year profit by as much as 20 million pounds.

UPDATE 2-Chemring profit to fall after fatal factory blast; shares slide 24 pct

* Shares fall by a quarter before partially recovering (Adds analyst comments, share price)

UK's Chemring says factory explosion to hit profit by up to 20 mln pounds

Aug 13 Defence equipment maker Chemring Group Plc said on Monday that it expects the explosion at a military hardware factory near Salisbury, Wiltshire to lower underlying operating profit for the year by 10 million to 20 million pounds.

UPDATE 2-Explosion at military hardware factory in UK leaves one dead, one injured

Aug 10 An explosion at a military hardware factory near Salisbury, Wiltshire has left one person dead on Friday, British defence equipment maker Chemring Group Plc said.

Chemring targets $2 billion U.S. contracts as defense lifts-off

Defense equipment maker Chemring Group Plc is targeting contracts worth around $2 billion in the United States after nearly five years of relatively low demand, its chief executive said.

UPDATE 2-Chemring targets $2 bln U.S. contracts as defence lifts-off

* H1 results beat some analyst expectations (Releads with CEO comments, adds analyst estimates, context)

Chemring banking on higher U.S. defence spending

Defence equipment maker Chemring Group Plc on Thursday reported a 5.2 percent rise in six-month operating profit and said its full-year outlook remained positive as it expects to benefit from higher U.S. defence spending.

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