Hints and tips:
...The higher forecast came even as the group, which spun off its automotive division last year, boosted operating profits from its continuing operations to £420mn for the year to end December 2023, up from...
...Following a series of smaller disposals and the demerger of its automotive business, Melrose is now focused on the GKN aerospace operation it acquired as part of its £8bn takeover of the UK engineering group...
...The business is a leading supplier of airframe structures and engine components for companies including Airbus and US engine-maker Pratt & Whitney....
...Melrose Industries remains on track to spin off its automotive unit next month as the UK group held out the prospect of a “significantly stronger” than expected performance from its aerospace business this...
...The group announced in September that it would separate its automotive and smaller powder metallurgy and hydrogen businesses from its aerospace arm through a demerger of shares....
...Its Pratt & Whitney division provides the engine while the recently formed Collins Aerospace unit brings the cockpit avionics....
...Revenues from risk-sharing partnerships on engines including Pratt & Whitney’s new geared turbofan and Rolls-Royce’s Trent XWB were expected to total some $13.5bn up to 2055, the group said....
...The GKN share of the UK and US-listed automotive supplier has been amended....
...Airbus, in particular, is facing delays in producing its two most popular aircraft, the re-engined A320neo single aisle, which has been held back by difficulties with its Pratt & Whitney engine, and the...
...Battery technology is moving forward rapidly, propelled by the consumer electronics and automotive markets, and there is huge potential for aircraft as that technology improves....
...Alcoa, the US aluminium group often seen as a bellwether for the health of the industrial sector, reported underlying earnings for the third quarter well ahead of analysts’ expectations, and said it was...
...“We have consciously brought in people from the automotive industry with experience in commercial skills to bring a standardised approach,” he says....
...Mr Stein said the acquisition means that GKN components, due to contracts already awarded, will be fitted in engines made by all the three main aero engine companies – General Electric and Pratt & Whitney...
...about half of all global car production, also announced this week that it had secured $1.5bn in new business across its aerospace business, including contracts with engine makers Rolls-Royce and Pratt & Whitney...
...Analysts led by Meredith Whitney wrote in a note to clients: “Credit market disruption has had underappreciated consequences on the economy, in our view....
...Meredith Whitney, an analyst at Oppenheimer, said further significant capital fund raises by other financial institutions were likely going forward....
...Bundles of student loans and automotive loans, for example, are still being repackaged and sold to investors in America, albeit on a smaller scale than before....
...Shanghai Automotive is negotiating with Rover Group over a joint venture that would enable the Chinese company (a joint venture partner of GM in China) to produce its own range of cars for the Chinese domestic...
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