Advertisement
UK markets close in 4 hours 38 minutes

  • FTSE 100

    8,193.04
    +46.01 (+0.56%)
     

  • FTSE 250

    20,086.71
    +1.92 (+0.01%)
     

  • AIM

    763.87
    +0.54 (+0.07%)
     

  • GBP/EUR

    1.1691
    -0.0021 (-0.18%)
     

  • GBP/USD

    1.2543
    -0.0019 (-0.15%)
     

  • Bitcoin GBP

    50,119.69
    -539.11 (-1.06%)
     

  • CMC Crypto 200

    1,282.84
    -56.22 (-4.19%)
     

  • S&P 500

    5,116.17
    +16.21 (+0.32%)
     

  • DOW

    38,386.09
    +146.43 (+0.38%)
     

  • CRUDE OIL

    82.91
    +0.28 (+0.34%)
     

  • GOLD FUTURES

    2,326.40
    -31.30 (-1.33%)
     

  • NIKKEI 225

    38,405.66
    +470.90 (+1.24%)
     

  • HANG SENG

    17,763.03
    +16.12 (+0.09%)
     

  • DAX

    18,055.96
    -62.36 (-0.34%)
     

  • CAC 40

    8,057.53
    -7.62 (-0.09%)
     
Stocks:

Trending tickers: Amazon, Tesla, Samsung, Mercedes-Benz, Whitbread

The latest investor updates on stocks that are trending on Tuesday

STOCKS NEWS EUROPE-Meggitt down after Q3 setbacks

Reuters - UK Focus

Meggitt (Other OTC: MEGGF - news) shares fall 8.8 percent after the aircraft parts supplier lowered its full-year revenue guidance following a third quarter hit by several setbacks, including production problems in the United States.

Shares in the supplier of avionics and wheels to planemakers Airbus (Paris: NL0000235190 - news) and Boeing (NYSE: BA - news) fell to 522 pence by 0918 GMT, their lowest level for four months, making it the biggest FTSE 100 faller.

The group now expects to report 2013 revenue growth in the low single digits, below its previous forecast of mid-single-digit revenue growth, made in August.

"The operational issues are a surprise and you can see the impact of that on its (Meggitt's) shares. The risk of other similar issues cropping up increases in the mind of the market after this type of news," says Liberum analyst Ben Bourne.

To see Meggitt's statement please click on

Reuters messaging rm://rhysl.jones.reuters.com@reuters.net