Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     

  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     

  • Bitcoin GBP

    50,755.83
    +560.37 (+1.12%)
     

  • CMC Crypto 200

    1,317.06
    +40.08 (+3.14%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
MONEY:

Best savings accounts that offer above inflation rates

Where to find a top-rated deal that works for you

Meggitt forecasts 2016 revenue growth in low-single digits 

Reuters - UK Focus

LONDON, Dec (Shanghai: 600875.SS - news) 7 (Reuters) - Meggitt (Other OTC: MEGGF - news) , a supplier of wheels, brakes and electronic systems to planemakers, said it would grow underlying revenue at a rate in the low to single digits in 2016, updating its guidance after a profit warning in October.

Meggitt said the headwinds which caused it to downgrade expectations in October would continue into 2016 but they would be broadly offset by cost cutting.

In October, Meggitt said its 2015 profits would be "meaningfully" below forecasts after demand for spare aircraft parts deteriorated, sending its shares down 19 percent.

(Reporting by Sarah Young)