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Pin to quick picksSenior Share News (SNR)

Share Price Information for Senior (SNR)

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Share Price: 170.00
Bid: 170.00
Ask: 170.80
Change: -0.40 (-0.23%)
Spread: 0.80 (0.471%)
Open: 165.00
High: 173.00
Low: 165.00
Prev. Close: 170.40
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Boeing CEO says planemaker backs FAA halt to 737 MAX production expansion

Thu, 25th Jan 2024 17:18

WASHINGTON, Jan 25 (Reuters) - Boeing CEO Dave Calhoun said Thursday the U.S. planemaker supports the Federal Aviation Administration (FAA) decision to bar the planemaker from expanding production of its best-selling 737 MAX planes, following "unacceptable" quality issues.

Calhoun told Reuters in a brief interview after a Capitol Hill meeting he supported the FAA decision and added there is "no question" the agency has the authority to impose the production increase restriction. "We all want safe airplanes. This is a safe airplane," Calhoun said, who has further meetings Thursday with senators.

The FAA said the order meant Boeing could continue producing MAX jets at the current monthly rate, but it could not increase that rate. It offered no estimate of how long the limitation would last and did not specify the number of planes Boeing can produce each month.

The FAA said MAX 9 planes could resume flights following inspections and maintenance after the agency grounded 171 MAX 9 planes following a mid-air emergency earlier this month.

"This won’t be back to business as usual for Boeing. We will not agree to any request from Boeing for an expansion in production or approve additional production lines for the 737 MAX until we are satisfied that the quality control issues uncovered during this process are resolved," FAA Administrator Mike Whitaker said in a statement Wednesday.

The ability to resume flying was a relief to U.S. MAX 9 operators Alaska Airlines and United Airlines, which had been forced to cancel thousands of flights and aim to begin returning the planes to service on Friday and Sunday, respectively.

But experts said the FAA's response to "unacceptable" quality controls following the loss of a door plug at 16,000 feet on Jan. 5 could delay some deliveries of new planes to airlines and hurt suppliers already reeling from an earlier MAX crisis and the pandemic.

In October, Calhoun said the company planned to reach production of 38 MAX planes per month by the end of 2023. (Reporting by David Shepardson, Editing by Franklin Paul and Chizu Nomiyama)

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Boeing supplier Senior resumes dividend as air travel boom swells profit

Aug 1 (Reuters) - British auto and aircraft parts supplier Senior Plc on Monday resumed dividend payouts after a more than six-fold rise in first half adjusted profit as planemakers ramp up production to serve the post-pandemic recovery in air travel.

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(Alliance News) - European equities were largely higher in early dealings on Monday, undeterred by a weaker manufacturing activity reading from China and poor German retail sales figures, with gains for lenders and publisher Pearson supporting the FTSE 100.

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(Alliance News) - Stock prices in London are seen starting the new week on the back foot, after manufacturing data from China disappointed.

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15 Jul 2022 10:19

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(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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Senior surges after double upgrade at Barclays

(Sharecast News) - Senior surged on Friday after Barclays upgraded the shares to 'overweight' from 'underweight' and lifted the price target to 183p from 137p.

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15 Jul 2022 09:49

LONDON BROKER RATINGS: JPMorgan downgrades Admiral and Direct Line

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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Senior buys hydraulics firm Spencer Aerospace for up to USD100 million

(Alliance News) - Senior PLC on Thursday said it has acquired Spencer Aerospace Manufacturing LLC, a Valencia, California-based maker of high-pressure hydraulic fluid fittings for use in commercial and military aerospace applications.

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9 Jun 2022 08:24

Senior to acquire Spencer Aerospace in £48m deal

(Sharecast News) - Senior has signed a definitive agreement to acquire "substantially all" of Spencer Aerospace Manufacturing, it announced on Thursday, in a deal worth £48m.

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20 Apr 2022 11:28

Senior trading in line with expectations; outlook for 2022 backed

(Alliance News) - Senior PLC said on Wednesday that trading in the first quarter of 2022 has gone as planned, and as a result the manufacturer affirmed its outlook for the year.

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20 Apr 2022 09:18

Senior trades in line with expectations during Q1

(Sharecast News) - Manufacturing company Senior said on Wednesday that first-quarter trading had been in line with expectations, with demand across the group's core markets improving as expected.

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2 Mar 2022 10:18

Berenberg lowers target price on 'fairly valued' Senior

(Sharecast News) - Analysts at Berenberg lowered their target price on aerospace and defence outfit Senior from 180.0p to 150.0p on Wednesday, stating that while the firm was "well-positioned", its shares also appeared to already be "fairly valued".

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2 Mar 2022 09:52

LONDON BROKER RATINGS: Downgrades for AB Foods, BT and Royal Mail

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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