Hints and tips:
...The right government policy, standards and regulations,” said Russ Dunn, chief technical officer of GKN Aerospace....
...Melrose’s GKN aerospace business is a leading supplier of airframe structures for Airbus and Boeing, as well as of components to engine manufacturers....
...Listing the business means breaking up the historic GKN, which also owned an aerospace arm....
...Melrose, whose GKN is a 4 per cent partner in the project, estimated the cash cost of the recall at £200mn....
...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...
...But Peckham accepts that GKN is still far from Melrose’s normal double-your-money performance....
...The company’s obligations to the British government to retain ownership of the aerospace business agreed under the 2018 takeover of GKN expire in April....
...Following a series of smaller disposals and last month’s demerger of its automotive business, Melrose is now focused on the GKN aerospace operation it acquired as part of its controversial £8bn takeover...
...Please tell us what you think of the planned GKN demerger in the comments section below....
...They were trading above 250p at the end of March 2018 when Melrose won the takeover battle for GKN....
...Strategy has begun two consultations on the proposed acquisition of two important high-tech UK companies by foreign owners — Ultra Electronics by Cobham (owned by US private equity firm Advent) and Meggitt plc...
...An example is GKN Aerospace of the UK, which is in two zero-emissions consortiums....
...Peckham has previously said the group would consider a break-up of GKN, the aerospace, car parts and powder metallurgy business, when the time was right....
...Peckham said the turnround at GKN’s automotive business, which provides drivelines for vehicles, would be largely completed this year....
...Once the restructuring is complete, future plans for GKN aerospace could include acquisitions, said Dilnot....
...The gnashing of teeth that accompanied Melrose Industries’ acquisition of FTSE engineer GKN is over. Four years ago the buccaneering turnround specialists irked some Britons by swooping on GKN....
...The London-based company acquired GKN, the car and aircraft parts company, in an £8bn hostile takeover in 2018....
...The disposal is Melrose’s largest deal since its controversial takeover in 2018 of GKN for £8bn....
...GKN Powder Metallurgy, acquired as part of an £8bn hostile takeover of UK engineer GKN in 2018, has launched a dedicated hydrogen unit that will generate renewable or “green” forms of the gas that will then...
...The group, which owns aerospace and automotive parts maker GKN, posted a half-year adjusted operating profit of £223m compared with an £11m loss a year ago....
...Shuttered economies hurt its largest asset GKN, a UK automotive and aerospace components group. Now the recovery is giving Melrose a boost....
...The disposal will be Melrose’s largest deal since its controversial takeover in 2018 of GKN for £8bn. The £100m injection into GKN’s pension will reduce the funding deficit to about £200m....
...Melrose came under fire in January after plans showed GKN would close its automotive parts site in Erdington, a suburb of Birmingham, affecting 519 jobs....
...That would leave Melrose with transmissions and aerospace group GKN, acquired controversially for $8bn in 2018, and generators group Brush, most of which it has already sold....
...Melrose’s market value is now £8bn — equal to the price it paid for GKN. There are no safety nets or shields....
International Edition