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Pin to quick picksFiltronic Share News (FTC)

Share Price Information for Filtronic (FTC)

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Share Price: 122.50
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Change: 0.50 (0.41%)
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EXECUTIVE CHANGES: Filtronic appoints Nathaniel Edington as CEO

Tue, 02nd Apr 2024 12:26

(Alliance News) - The following is a round-up of executive changes by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Baron Oil PLC - London-based oil and gas exploration company - Former chief executive officer Andy Yeo has stepped down from the board on Monday after the company transitions to Andy Butler as its new CEO. Further, company notes progress in appointing a new chair.

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Beacon Energy PLC - oil and gas company - Promotes Chief Financial Officer Stewart MacDonald to chief executive officer from June 1, the day current CEO Larry Bottomley intends to retire from his role. Bottomley has been CEO since the start of 2022 and will continue to support the company as a non-executive director. The company adds that its search for a chief operating officer to support the technical and operational workstreams in the executive team will start soon. Company adds that the rig mobilisation regarding the upcoming SCHB-2 sidetrack operation is on track with the rig due to arrive in location in mid-April with the sidetrack operation set to start the following week.

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DSW Capital PLC - Warrington, England-based financial advisory that provides advisory services in areas such as corporate finance and due diligence - Promotes Business Development & Operations Director Peter Fendall to chief operating officer. He joined the company in September 2021 and helped facilitate the initial public offering. Further, DSW appoints him as interim chief financial officer from May 17, replacing Nicole Burstow, the current CFO and deputy chief executive officer who is leaving the company.

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Filtronic PLC - Sedgefield, England-based designer and manufacturer of products and sub-systems for the aerospace, defence, telecoms infrastructure, space, and critical communications markets - Appoints Nathaniel Edington as CEO from May 13, replacing outgoing CEO Richard Gibbs, who will retire from his role that day but continue to support the company until November. Incoming CEO Edington has held executive leadership positions at Austria-based semiconductor firm AMS AG and former semiconductor firm Wolfson Microelectronics PLC, which was bought by Austin, Texas-based Cirrus Logic Inc in 2014. "Nat has considerable knowledge and experience of the sector and the markets in which Filtronic operate and has demonstrated excellent leadership qualities aligned with Filtronic's people-focused culture, and drive for growth," Filtronic says.

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Genel Energy PLC - oil and gas exploration and production company, formerly focused on exports to the Kurdistan region - Deputy Chair Michael Fallon indicates intention to retire from the company's board at the annual general meeting next month.

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Naked Wines PLC - Norwich-based online wine seller - Appoints Rodrigo Maza as chief executive officer, effective Tuesday, which is also the first day of the company's financial year 2025, as Rowan Gormley returns to his previous role as non-executive chair. Further, Naked Wines appoints Paul Calandrella as general manager of Naked Wines USA from mid-April.

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Strix Group PLC - Isle of Man-based provider of kettle safety controls - Confirms that Chief Financial Officer Clare Foster has joined the board on Tuesday.

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By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Filtronic wins new contract with Airbus Defence and Space

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Filtronic trading ahead of expectations amid strong demand

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IN BRIEF: Filtronic rises as expects to beat full-year market outlook

Filtronic PLC - Durham, England-based maker of products for aerospace, defence, space and telecommunications industries - Announces that its outlook for financial 2025 and 2026 is expected to exceed current market expectations. Specifically, it says it can meet increasing customer demand this year as investments in manufacturing capacity are fully online. "This will deliver stronger revenue and adjusted [earnings before interest, tax, depreciation & amortisation] in H2 of FY2025 and result in us beating current market expectations for the current year," Filtronic says. Adds that it expects this stronger trading performance in financial 2025 to carry through to the next year "as anticipated new programmes come through with new and existing customers".

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24 Apr 2025 11:44

Filtronic secures ESA 5G satellite programme contract

(Sharecast News) - Filtronic has secured a new contract to support the development of next-generation space-based communications technology, it announced on Thursday, as part of the European Space Agency and Viasat's Direct-to-Device (D2D) initiative.

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27 Mar 2025 13:57

DIRECTOR DEALINGS: Roadside Real Estate chair ups stake toward 26%

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

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19 Mar 2025 16:33

Filtronic widens partnership with SpaceX for Starlink expansion

(Alliance News) - Filtronic PLC on Wednesday said it has expanded its agreement with SpaceX to allow it to gain from an increased allocation of business.

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19 Mar 2025 10:36

Filtronic expands strategic partnership with SpaceX

(Sharecast News) - Filtronic announced on Wednesday that it has expanded its strategic partnership with SpaceX, securing an increased allocation of business to supply advanced E-band SSPA modules for the Starlink satellite constellation.

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UK aims to speed up defence contracts, finance minister says

UK wants to open up defence contracts to smaller companies

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LONDON MARKET MIDDAY: Stocks perk up despite latest batch of tariffs

(Alliance News) - Stock prices in London were higher heading into Monday afternoon, shaking off some US tariff nerves, with BP and gold miners among the stocks shining.

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AIM WINNERS & LOSERS: Filtronic wins SpaceX deal; Dekel rises

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday.

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Filtronic secures 'significant new contract' with SpaceX

(Sharecast News) - Shares in aerospace products manufacturer Filtronic rallied to a 52-week high early on Monday after announcing a "significant new contract" win with SpaceX.

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10 Feb 2025 08:56

Filtronic to beat market expectations as signs contract with SpaceX

(Alliance News) - Filtronic PLC on Monday said it landed a "significant new contract win" with SpaceX.

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10 Feb 2025 07:46

LONDON BRIEFING: Johnson Matthey names new CFO; Filtronic-SpaceX deal

(Alliance News) - London's FTSE 100 is called to open slightly higher at the start of the week, despite US tariff worries coming to the fore again.

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Filtronic swings to half-year profit amid SpaceX order boost

(Alliance News) - Filtronic PLC on Tuesday said it swung to profit in the first half of its current financial year, driven by "strong" order intake from SpaceX.

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