Tyman Share News (TYMN)

based Quanex to buy UK's Tyman in $976 mln cash and share deal

April 22 (Reuters) - U.S.-based Quanex Building Products will buy doors and windows supplier Tyman in a cash and share deal, valuing the British firm at about 788 million pounds ($976 million), the companies said on Monday.

TOP NEWS: Tyman accepts GBP788 million cash and shares bid from Quanex

(Alliance News) - Tyman PLC on Monday agreed to a GBP788 million takeover offer from US peer Quanex Building Products Corp.

LONDON MARKET OPEN: Hipgnosis jumps on Blackstone rival offer

(Alliance News) - Stock prices in London opened higher on Monday, as investors shook off nerves ahead of a key US inflation reading later this week.

LONDON BRIEFING: Hipgnosis supports Blackstone takeover bid

(Alliance News) - Stocks in London are called to open higher, as investors eye some key FTSE 250 takeovers.

Quanex to buy Tyman in £788m deal

(Sharecast News) - Tyman said on Monday that it has agreed to be bought by US metal window and door manufacturer Quanex in a £788m cash and stock deal.

UK dividends calendar - next 7 days

London close: Stocks finish firmer as US jobless claims rise

(Sharecast News) - London markets closed with modest gains on Thursday, after higher-than-expected jobless claims figures from the US, and a flurry of corporate news in the UK.

Tyman profit drops on higher costs; revenue suffers on reduced volumes

(Alliance News) - Tyman PLC on Thursday said higher costs hurt its full-year profit, while a reduction in volumes resulted in reduced revenue.

Tyman sees 'challenging' markets as profits fall 19%

(Sharecast News) - Door and window parts maker Tyman said it expected a "challenging" market outlook this year as the building sector continued to struggle amid high interest rates and inflation, reflected in a 19% fall in 2023 profits.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Tyman picks former Devro chief Rutger Helbing as new CEO

Tyman PLC - London-based supplier of window and door components to construction industry - Hires Rutger Helbing to be new chief executive officer, starting January 2. Interim CEO Jason Ashton will resume being chief financial officer, and Interim CFO Juliette Lowes will resume being financial controller. Both have been in their interim roles since April, when Jo Hallas had stepped down immediately as Tyman CEO. A Dutch national, Helbing was chief executive of Devro PLC from January 2018 to this past April, having joined the sausage casing manufacturer as finance director in 2016. Glasgow-based Devro was bought by a subsidiary of Saria SE & Co KG back in March.

Tyman appoints Rutger Helbing as CEO

(Sharecast News) - Tyman said on Monday that it has appointed Rutger Helbing as chief executive officer with effect from 2 January 2024.

IN BRIEF: Tyman set to meet full-year profit expectations as hails US

Tyman PLC - London-based supplier of engineered fenestration components and access solutions to the construction industry - Expects full year adjusted operating profit to be in line with market expectations of GBP83.6 million, with a range of GBP82.8 million and GBP84.3 million. However, this would be a drop from Tyman's adjusted operating profit of GBP94.6 million in 2022. Adds that revenue fell 9.3% to GBP557.0 million in the ten months to October 31, from GBP614.3 million in the corresponding period a year ago. Says like-for-like revenue fell 10%. Adds that in the second half of the year, it has made progress in improving its cost base. Interim Chief Executive Officer Jason Ashton says: "We remain confident in the positive structural industry growth drivers across the group's markets, most notably in the US, as highlighted in our recent capital markets event. Our continued focus on taking market share and enhancing our operational platform ensures that Tyman is well positioned for growth when the US housing market backdrop improves, building on our portfolio of highly engineered, differentiated products, market-leading brands, deep customer relationships and sustainability credentials."

Tyman trades in line despite 'continued challenging market conditions'

(Sharecast News) - Building products manufacturer Tyman said on Thursday that full-year adjusted operating profits would be in line with market expectations, despite experiencing "continued challenging market conditions" year-to-date.

Tyman trades in line despite 'continued challenging market conditions'

(Sharecast News) - Building products manufacturer Tyman said on Thursday that full-year adjusted operating profits would be in line with market expectations, despite experiencing "continued challenging market conditions" year-to-date.