London Report: GKN and Next report upbeat earnings to lift FTSE after slump July 29, 2014 THE FTSE 100 posted its first gain in three days yesterday, with upbeat earnings reports from GKN and Next lifting the mood. However, shares in BP bucked the trend, falling amid concerns on the fallout from new, tougher sanctions on Russia. The index climbed 0.3 per cent to close at 6,807.75, recovering from a 0.1 [...]
GKN’s shares climb as firm buys Williams’ hybrid power division April 1, 2014 GKN’S share price surged over two per cent yesterday, after the engineering group said it had agreed to buy a hybrid power unit from Formula One team Williams Grand Prix Engineering. The FTSE 100 firm is acquiring Williams Hybrid Power (WHP) for an initial payment of £8m. Further payments may be made depending on future [...]
GKN slides as it warns currency movements could hit outlook February 25, 2014 GKN’S share price fell more than one per cent yesterday, after the engineering firm warned that adverse currency movements could hinder its performance this year. The market reacted negatively despite the FTSE 100 firm reporting a 17 per cent rise in pre-tax profit for 2013, thanks to strong trading from its automotive business, due to [...]
