Senior shares tumble as lower Boeing and Airbus output triggers profit warning Transport and infrastructure Shares in FTSE 250 aerospace parts supplier Senior tumbled on Tuesday after the firm warned on earnings and revealed cost-cutting measures in response to lower output at Boeing and Airbus.
Senior: Rolls-Royce partner reports dip in profit amid Boeing 737 Max setbacks Transport and infrastructure The FTSE 250 aerospace and defence supplier said operating profit and pre-tax profit had fallen, despite booming demand for travel worldwide.
Senior: Demand fuels growth in aerospace business Aerospace Senior said it expects that its aerospace business will see "good growth" this year due to the increasing number of aircrafts being built.
Senior shrugs off pandemic blip to deliver strong 2023 results March 4, 2024 Senior PLC’s Flexonics and Aerospace divisions helped it to a strong performance last year, with profit, revenue and earnings per share all up substantially on 2022.
Senior ups forecasts on hopes of aviation recovery July 9, 2021 Aerospace engineer Senior today cranked up its full year forecasts in expectation that global aviation and energy markets would continue to recover throughout 2021. The London-listed firm, which recently saw off a takeover bid from private equity firm Lone Star, said it expected group production “to be slightly ahead of our previous expectations”. The update [...]
Lone Star bows out of Senior takeover race after final £840m bid is rejected June 24, 2021 Lone Star today said it had backed out from its bid to take over aerospace engineer Senior after the private equity firm’s fifth offer was rejected. Earlier in the week, Senior said there was no basis for it to engage with Lone Star after the fund said its 200p per share offer could only be [...]
Senior rejects Lone Star’s £840m take-private bid June 22, 2021 Aerospace engineer Senior has rejected private equity firm Lone Star’s £838.8m final takeover offer, it announced this afternoon. The firm’s board said that the offer “continues to fundamentally undervalue Senior and its future prospects”. Lone Star said that the offer, which priced the Rickmansworth-based firm’s stock at 200p per share, was its fifth and final [...]
Lone Star hikes offer in final bid to take engineer Senior private June 21, 2021 Private equity firm Lone Star has today upped its bid for aircraft parts maker Senior, sending the Rickmansworth-headquartered company’s shares up 10.8 per cent this afternoon. Last month the FTSE-listed company rejected Lone Star’s £738m bid, saying that it fundamentally undervalued the company. But now the finance house has jacked up its bid from 176p [...]
Crash landing for Senior as Covid travel disruption wipes out profits March 8, 2021 Senior plc today warned this year would be as challenging as 2020 after the British aircraft parts supplier swung to an annual loss. The firm was struck by Covid-related disruptions to travel throughout the year, alongside Boeing’s 737 Max crisis. Senior reported an adjusted pre-tax loss of £6.2m, compared with a profit of £78.5m a [...]
Senior warns of turbulent 2020 on 737 Max delays and coronavirus fears March 2, 2020 Boeing supplier Senior could be in for a rough ride in 2020 after the firm warned that continued issues over the production of the 737 Max and potential disruption from the coronavirus outbreak could hit sales. Despite the warning, shares in the FTSE 250 firm rose over two per cent today. The figures Although the [...]