GKN PLC (GKN.L)
13 Dec 2017
MILAN The UK's top share index shrugged off weakness from oil stocks on Thursday as a handful of earnings updates were in focus, though GKN plunged on uncertainty following the ditching of its CEO designate.
* Energy shares fall after Norway wealth fund proposes dropping oil, gas stocks
LONDON The man appointed just two months ago to run British engineer GKN , Kevin Cummings, is leaving after the aerospace division he ran took a second large writedown, sending the shares down by almost 10 percent.
MILAN, Nov 16 The UK's top share index steadied on Thursday as a handful of earnings updates were in focus and GKN plunged on uncertainty following the ditching of its CEO designate.
LONDON, Nov 16 Troubled British engineer GKN said Kevin Cummings, lined up in September to become its new chief executive, would now leave the company with immediate effect after it decided it needed alternative leadership.
* KEVIN CUMMINGS, PREVIOUSLY CEO DESIGNATE, WILL LEAVE BOARD AND GKN WITH IMMEDIATE EFFECT
LONDON Declines among British banks and Mediclinic shares kept gains in check on the UK's main share index on Monday, though engineering group GKN was a bright spot.
LONDON British engineering group GKN is considering splitting into two listed companies comprising its aerospace and auto component divisions, the Sunday Times reported, without citing sources.
LONDON, Oct 21 British engineering group GKN is considering splitting into two listed companies comprising its aerospace and auto component divisions, the Sunday Times reported, without citing sources.
* Co, Concept Laser, Arcam AB have signed MoU with GKN to collaborate on additive manufacturing
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