GKN PLC Share News (GKN)

UPDATE 1-Britain's GKN, fighting hostile bid, says in talks over auto unit deal

LONDON, March 2 (Reuters) - British engineering company GKN is in talks with Dana Incorporated over its auto unit, opening up a new front in its battle to fight off a hostile

GKN says in talks with U.S.-based Dana over auto unit sale

LONDON, March 2 (Reuters) - British engineering company GKN said it was in talks with Dana Incorporated regarding the sale of its auto-parts Driveline unit as part of a deal a

UPDATE 1-Proxy shareholding group PIRC opposes Melrose bid for GKN

By Ben Martin, Carolyn Cohn and Simon Jessop LONDON, Feb 28 (Reuters) - Proxy voting adviser PIRC has told Melrose Industries shareholders they should oppose its 7 bid

Shareholder adviser ISS recommends Melrose investors back GKN bid

LONDON, Feb 28 (Reuters) - Melrose Industries has secured the backing of investor advisory firm Institutional Shareholder Services (ISS) for its 7 billion pound hostile bid is

Proxy shareholding group PIRC opposes Melrose bid for GKN

LONDON, Feb 28 (Reuters) - Proxy voting adviser PIRC recommended Melrose Industries shareholders oppose the company's planned hostile acquisition of British GKN, it said a

Sector movers: Cyclicals, banks jump, while precious metals miners retreat

(ShareCast News) - Cyclicals led the advance, led by Automobile stocks such as GKN and construction outfits like CRH, both of which benefit from bets on an improving world economy, especially in the States. Banks were also higher, boosted by bumper full-year results from Spanish lender Santander, am

WINNERS & LOSERS SUMMARY: Shares Of Upbeat Synthomer Hit Record High

BROKER RATINGS SUMMARY: Exane BNP Cuts Sainsbury's And Tesco

LONDON BRIEFING: 2nd Biggest Economy Surges As 1st Gets New Leader

Sector movers: Miners rise on Chinese lending data, US dollar weakness

(ShareCast News) - Mining stocks were again in favour on Thursday as metals´ prices continued to gain in overnight trading on the heels of stronger than expected lending data for Asia´s largest economy and positive newsflow on specific commodities. Continued selling in the US dollar after the Presid

Merrill Lynch upgrades Spectris and Spirax, prefers Smiths Group

(ShareCast News) - Engineering shares were boosted by a note from Bank of America Merill Lynch that upgraded Spectris and Spirax-Sarco Engineering but said Smiths Group was its preferred UK name in a sector where investors are looking to rotate towards cyclical stocks. While positive data indicators

PIC completes 190 mln stg buyout for GKN Group Pension Scheme

LONDON, Jan 5 (Reuters) - Specialist insurer Pension Insurance Corporation has completed a 190 million pound ($233.34 million) pensioner buyout for the GKN Group Pension Scheme, it said on Thursday. The buyout covers certain current pensioner members of the scheme, who will eventually leave

Broker tips: Shire, GKN, IG Group

(ShareCast News) - UBS downgraded Shire to 'neutral' from 'buy' and cut the price target to 5,000p from 5,600p saying a tougher environment for expensive orphan drugs was likely to constrain performance. This, and other issues such as low return on invested capital and the 2023 Vyvanse patent expiry

BofA ML upgrades GKN to 'buy' from 'neutral'

(ShareCast News) - GKN got a boost as Bank of America Merrill Lynch upgraded its stance on the stock to 'buy' from 'neutral' and upped the price target to 365p from 350p. "As we move into 2017, we believe GKN provides one of the strongest earnings growth profiles in the sector, through both organic

UK trade deficit surges £6bn after ONS admits 'processing error'

(ShareCast News) - A sizeable error has been found in official UK trade data, such that the third quarter external trade deficit did not narrow to £11bn from £12.7bn as first announced but in fact increased from £9.9bn to £17bn. The Office for National Statistics said it had found a "processing erro