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AGA to post profit as market heats up

Fri, 15th Jan 2010 11:30

AGA Rangemaster, maker of the iconic AGA ovens, expects to report a profit for 2009 after the improved economic outlook towards the end of the year tempted homeowners back into the market.Order intake for the full year was 12% below the prior year having been around 20% down in the first half, AGA said.Rationalisation programmes including integration of the Aga and Rangemaster operations in the UK have brought cost reductions of over £9m over the last twoyears, the firm added.'The cold weather highlights the virtues of our modern ranges of cast iron cookers, all-in-one cookers and boilers and stoves,' chief executive William McGrath said. 'The bounce in Rangemaster sales has been particularly encouraging. Caution, however, remains appropriate in the current economic climate.'

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From spies to smartphones: Britain's Aga set for another new chapter

* U.S. acquisition of Aga completes this week * Deal follows modernisation of 93-year-old stove * New owner to take quintessential English brand further afield By Kate Holton LONDON, Sept 22 (Reuters) - The sale of oven maker Aga Rangemaster to a U.S. owner with global amb

14 Sep 2015 07:52

Aga Rangemaster tumbles as Whirlpool pulls offer

(ShareCast News) - Shares in Aga Rangemaster tumbled at the open after Whirlpool said late on Friday that it does not intend to make an offer the company. "Whirlpool today announces that, after full and careful consideration, it does not intend to make an offer to acquire the entire issued, and to b

11 Sep 2015 17:51

Whirlpool to withdraw offer for Britain's AGA Rangemaster

Sept 11 (Reuters) - Whirlpool Corp said it was withdrawing its proposal to buy Britain's AGA Rangemaster Group Plc, whose shareholders approved a $201 million takeover offer by U.S. cooking equipment maker Middleby Corp on Tuesday. Whirlpool approached AGA Rangemaster, the maker of cast-iro

9 Sep 2015 08:39

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