GKN PLC Share News (GKN)

Monday broker round-up

(ShareCast News) - Randgold Resources: UBS reiterates buy with a target price of 9750p. AA: Goldman Sachs reiterates buy with a 370p target. Jimmy Choo: Barclays stays at equal-weight with a 140p target. Esure: Barclays reiterates overweight with a 247p target. Easyjet: UBS keeps at buy with a 11

UK engineer GKN to close its helicopter factory in Somerset

Nov 17 (Reuters) - British engineer GKN Plc said on Thursday it would close its GKN Yeovil helicopter factory in Somerset at the end of 2017 and cut several jobs at the site. GKN, which supplies components for Airbus and Boeing planes, started a formal consultation last month after Leonardo

Wednesday newspaper share tips: GKN, St.James´s Place

(ShareCast News) - GKN continued to outperform its markets over the latest nine-month period and its acquisition of Fokker looks to have been another clever deal, like the purchase of Volvo Aero in 2012, but it´s time to take profits, The Times´s Tempus said. There are also the fruits of its cost-re

LONDON BRIEFING: Pound And Shares Firm Ahead Of UK Airport Decision

GKN posts growth despite tough trading conditions

(ShareCast News) - Aerospace and automotive engineering group GKN issued a trading update for the nine months to 30 September on Tuesday, with management sales increasing 21% to £6.9bn, including organic sales growth of 2% - or £151m - in line with expectations. The FTSE 100 company said sales in th

Sector movers: BATS and Hunting weigh on market

(ShareCast News) - The more cyclical areas of the market, such as steel and mining were clearly in the lead during the final session of the week, buoyed perhaps by news that Chinese home price growth accelerated in September to a 11.2% year-on-year pace from 9.2% in the prior month. Investors in aut

GKN agrees sale of Stromag for €198m

(ShareCast News) - Engineering group GKN has agreed the sale of its Stromag business to Altra Industrial Motion for an enterprise value of €198m (£177m). This includes €184m (£164m) in cash and the transfer of debt-like obligations of around €14m (£13m). GKN said the deal, which is expected to take

Sector movers: Defensive issues reel as bond yields back-up

(ShareCast News) - Cyclicals gained while defensive issues fell back in an overall down market ahead of the release of September´s US non-farm payrolls report the next day. Acting as a backdrop, developed world sovereign bonds dropped to their lowest levels since July as traders continued to react t

Britain's FTSE falters as easyJet slumps after profit warning

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * FTSE 100 closes down 0.5 pct, just below 7,000 points * EasyJet falls after profit warning * FTSE 100 up 12 pct in 2016, near r

GKN shares rally as HSBC initiates stock at 'buy'

(ShareCast News) - HSBC initiated its rating on GKN at 'buy' with a target price of 395p on Thursday, saying it believes the automotive and aerospace engineer is a "well-managed, technology-led, high market share business". The bank said GKN has a clear strategy focused on sustainable growth. The de

Slump in easyJet on profit warning hurts Britain's FTSE

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets) * FTSE 100 index down 0.2 pct * EasyJet falls after profit warning * Miners track weaker metals prices By Atul Prakash <

Sector movers: Construction and aerospace lead advance

(ShareCast News) - Construction and industrial engineering stocks led the way higher, with shares in aerospace and defence close behind thanks to the favourable tailwind from the pound's depreciation. Activity in the UK construction sector bounced back in September, with Markit's purchasing manag

UK Dividends Calendar - Next 7 Days

Sunday share tips: Stagecoach, Be Heard Group, GKN

(ShareCast News) - Shares in Stagecoach are worth holding despite falling 38% over the last 12 months, said the Sunday Times' Inside the City column, which pondered whether much more of a fall could see founder Brian Souter take the business private again. There are a few possible reasons for the co

Friday broker round-up

(ShareCast News) - Pearson: JP Morgan reiterates neutral with a target price of 940p. Vodafone: UBS maintains buy with a 310p target. Glaxosmithkline: UBS keeps at neutral with a 1650p target. GKN: Canaccord reiterates buy with a 370p target. Legal & General: Macquarie keeps at neutral with a tar