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      2Look at the Premiership table and you’ll see that the top team and Challenge Cup finalists Bath are 15 points clear of second-placed Leicester Tigers, and Champions Cup finalists Northampton Saints are 17 points safe from dropping out of the top eight.

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GKN

  • Mark Kleinman’s big predictions for the Square Mile in 2019

    January 11, 2019

    Sir Martin Sorrell’s WPP exit, Unilever’s HQ U-turn, Melrose’s swoop for GKN: 2018 was a year full of surprises in the City. And while forecasting might be a fool’s errand, here are 10 predictions for the year ahead. •Theresa May will decisively lose next week’s “meaningful vote” on Brexit: that’s not a punt that will [...]

  • Melrose share price tumbles following low-ball bids for GKN unit

    November 26, 2018

    Turnaround specialist Melrose led FTSE fallers today as its share price fell over six per cent following reports of disappointing bids for one of its GKN units. Melrose, which bought aerospace company GKN in an £8bn hostile takeover earlier this year, was reportedly forced to reconsider its options after it was low-balled by bids for [...]

  • GKN owner Melrose considers options after being low-balled by bids for unit

    November 25, 2018

    GKN owner Melrose is licking its wounds after it failed to attract the right price for one of the engineering group’s key divisions. The company’s management is now considering its options after being low-balled by bidders, including private equity firms Apollo and PAI Partners, Sky News reported last night. It expected to get around £2bn [...]

  • Melrose waits for GKN takeover to bear fruit as automotive revenues stay flat

    November 13, 2018

    Turnaround investor Melrose said today that it is trading in line with board expectations after buying engineering firm GKN in an £8.1bn hostile takeover earlier this year. The FTSE 100 firm, which specialises in buying and improving underperforming businesses, told investors that GKN offers "an outstanding opportunity for value creation over the medium term". Melrose reported "strong" revenue growth in its [...]

  • Theresa May’s new merger powers would be a hostile takeover by the state

    October 16, 2018

    Back in July 2016, Theresa May launched her campaign for leadership of the Conservative party by promising radical action on foreign takeovers of British businesses. In the wake of Kraft’s takeover of Cadbury and Pfizer’s failed bid for AstraZeneca, May promised to defend workers and local communities from transient shareholders who, she said, were more [...]

  • GKN share price climbs as growing auto demand boosts sales

    May 6, 2015

    Shares in UK manufacturer GKN ticked up yesterday after the company announced it continued to outperform the market during the start of the year.    The British company, which specialises in the manufacture of components for the aerospace and automotive sectors, received a boost from a growing car market and the strength of sterling.    [...]

  • Car parts maker GKN profits take a hit over pound

    February 24, 2015

    Shares at car components giant GKN took a hit yesterday after its underwhelming results were blamed on a strong pound. Revenues at the company last year fell two per cent to almost £7.5bn as sterling took its toll through the company’s high exposure to foreign markets and cutbacks in military budgets. One area to show [...]

  • GKN tops FTSE on higher profits from car division

    July 29, 2014

    ENGINEERING giant GKN topped the FTSE 100 yesterday, after unveiling a six per cent rise in first-half profit and hiking its interim dividend by eight per cent. The company, which supplies components for car makers such as Volkswagen and aircraft manufacturers in­clud­ing Airbus, posted pre-tax profit of £296m for the first half of the year [...]

  • London Report: GKN and Next report upbeat earnings to lift FTSE after slump

    July 29, 2014

    THE FTSE 100 posted its first gain in three days yesterday, with upbeat earnings reports from GKN and Next lifting the mood. However, shares in BP bucked the trend, falling amid concerns on the fallout from new, tougher sanctions on Russia. The index climbed 0.3 per cent to close at 6,807.75, recovering from a 0.1 [...]

  • GKN’s shares climb as firm buys Williams’ hybrid power division

    April 1, 2014

    GKN’S share price surged over two per cent yesterday, after the engineering group said it had agreed to buy a hybrid power unit from Formula One team Williams Grand Prix Engineering. The FTSE 100 firm is acquiring Williams Hybrid Power (WHP) for an initial payment of £8m. Further payments may be made depending on future [...]

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