|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|PE ratio (TTM)||14.31|
|Forward Dividend & Yield||0.13 (1.89%)|
|1y target est||N/A|
British auto and aircraft parts maker Meggitt reiterated its annual guidance for a 2 to 4 percent rise in organic revenue after it reported first-half results helped by currency moves and civil aerospace ...
British companies may need to set up subsidiaries in continental Europe to take part in multibillion-euro space programmes funded by the European Union after Britain leaves the EU, the head of Europe's space agency told the Financial Times. "We have a tremendous problem with Brexit because it means that UK companies... are not eligible to have a contract directly," the newspaper quoted Jan Woerner as saying in an interview published on its website on Wednesday. The European Space Agency (ESA) is an intergovernmental organisation with 22 European member states, not an EU agency.
Britain's factories are growing at their fastest pace in more than three years, helped by the fall in the value of the pound after the Brexit vote and a recovery in core markets in Europe, a survey showed on Monday. The survey, by manufacturing lobby group EEF and consultancy BDO, added to signs that British factories are enjoying a growth spurt, something that Brexit supporters said would be one of the early benefits of leaving the European Union. "The post-referendum wobble that defined UK manufacturing's performance in the second half of 2016 has been left firmly behind with manufacturers now rallying far more strongly than even they had predicted," EEF chief economist Lee Hopley said.
Shares (Berlin: DI6.BE - news) in GKN and Meggitt rose after both British engineering companies reported better than expected results and predicted that their investments in technology in aerospace markets were beginning to pay off as new aircraft production rates increase. Analysts said share prices across the defence sector had also got a boost on Tuesday from U.S. President Donald Trump's promise on Monday to seek an "historic increase" of $54 billion in the U.S. defence budget. GKN said both its aerospace division and its automotive engineering Driveline power transmission business outperformed their markets last year and had won significant new business, underpinned by investment in new technology.
European shares edged higher on Tuesday after encouraging earnings releases, with Meggitt leading the market up after reporting a sharp rise in profits and Ferrovial also advancing after results news. ...
LONDON, Dec (Shanghai: 600875.SS - news) 21 (Reuters) - British car and aeroplane parts maker Meggitt (Other OTC: MEGGF - news) said it had sold its defence unit to UK firm QinetiQ for 57.5 million pounds ($71 million) in cash, as part of a plan to focus on sectors where it has a leading position. The unit, which provides unmanned aerial, naval and land-based target systems to 40 different countries from bases in Britain and Canada, is expected to make 5.5 million pounds of operating profit this year, said QinetiQ. QinetiQ added that the unit, called Meggitt Target Systems, would help it to drive growth in international markets as it generates 90 percent of its revenues outside the UK.
In particular he comes armed with assurances that Trump does not actually intend to tug apart the NATO alliance he said during his campaign risked being "obsolete". Talks with Angela Merkel are also on the itinerary. Watching what comes out after German police launched dawn raids on mosques, apartments and offices in ten German states and the government banned a group it accused of trying to recruit fighters for Islamic State.