Company
Morgan Advanced Materials plc
LON:MGAM
Morgan Advanced Materials plc is a global engineering company headquartered in Windsor, UK and listed on the London Stock Exchange. The company is a world-leader in advanced materials science and engineering of ceramics, carbon and composites. We operate in a series of well-defined markets where our applications expertise offers our customers a valuable differentiator, engineering high-specification materials, components and sub-assembly parts that solve their challenging technical problems. Our markets are: healthcare, petrochemicals, transport, electronics, energy, security and industrial. Many of our products are required to perform critical duties in harsh or demanding environments.
28 stories
Morgan Advanced Materials in favour with brokers despite cyber attack
Liberum sees upside to 400p per share as margins pick up with an industrial cycle upturn
Morgan Advanced Materials lifts full-year guidance after robust 9-months trading
"We are delivering robust revenue growth, despite the challenging environment, and improving profitability, with inflation continuing to be more than offset by pricing and continuous improvement activity," said the company's CEO Pete Raby
Morgan Advanced turns a profit; records highest profit margin in 20 years
The recovery in global economy has enabled Morgan Advanced Materials plc to report a full-year profit before tax. From a loss of £13.1mln the year before, the group posted a profit of £104.3mln in the year to December 31, 2021.
Morgan Advanced Materials highlights sales growth and lifts full-year guidance
"We are pleased with the momentum and return to organic sales growth, driving an upgrade in our guidance for the full year,” said Pete Raby
Morgan Advanced Materials declares interim dividend despite expected sales decline
In the nine months to September 30 sales shed 10% and are expected to decline 10-14% in the full year
Morgan Advanced Materials now operating all its plants following closures
Sales for the 21 weeks to May 24 slipped 9% due to shutdowns across its geographies
Morgan Advanced Materials re-opens in China but shuts elsewhere
Sales in the quarter to 21 March, when restrictions were in full force in China, dropped by 3.2% and by 0.2% if is excluded.
Morgan Advanced Materials predicts growth in 2020 despite ‘weak’ industrial and automotive markets
However, the company said it is still facing weak markets and “geo-political uncertainties” as well as foreign exchange headwinds into 2020
Morgan Advanced Materials keeps full-year outlook unchanged
Sales for the nine months to September were 0.2% higher compared to the same period last year, with declines in the industrial and automotive segment offset by growth elsewhere
Archive
FTSE 100 closes in red Thursday as ECB update underwhelms
There were mixed messages in Mario Draghi's update on Thursday
Archive
Day ahead preview: Unilever, National Express, Diageo, ECB
With a slew of corporate earnings and the European Central Bank's policy decision, Thursday will be a busy day of news
FTSE 100 closes lower as Brexit is talk of the town
Footsie closed down around 32 points at 7,151, while the FTSE 250 added 23 at 19,270
Archive
Standard Chartered to wrap up recent flurry of big bank results with charge-blurred numbers
Aside from the 2018 results from the emerging markets-focused bank, FTSE 100-listed housebuilder Persimmon and speciality chemicals blue chip Croda International will also report numbers
RBC Capital ups Melrose to Top Pick in major review of UK engineering sector
In a note to clients, the Canadian bank’s analysts concluded: “We do not expect a major downturn, but even if there is one the recent sector sell-off has priced in a recession for many names in our coverage group”
Morgan Advanced Materials sales jump on strong demand for its body armour
The FTSE 250 group, which makes everything from body armour to seals and bearings, saw sales climb 7.2% in the ten months to the end of October
Investments and investor services
FTSE 100 finishes lower as rate rise fears and trade dampen sentiment
The UK's index of leading shares finished around 35 points lower at 7,105 on the day
Archive
Informa and UK GDP data to cap off busy week in London
A host of data releases should give a much clearer picture of where the UK economy stands with the country on the brink of hopefully inking a Brexit deal
Morgan Advanced Materials coming to the boil
The company, formerly known as Morgan Crucible, could be set to enjoy the benefits of some heavy investment in research & development, Berenberg believes
JPMorgan Cazenove boosts Morgan Advanced Materials rating to ‘overweight’ from ‘neutral’
JPMorgan's analyst said: “After close to three years of management actions without seeing the full benefits, we believe we are at the tipping point and over the next 12-24 months the upside to earnings and to shareholders will become clear”
FTSE 100 closes higher as pound crashes amid Brexit worries
Footsie added nearly 26 points to stand at 7,626, while FTSE 250 also finished higher - up almost 71 points at 20,871
Morgan Advanced Materials to exit the Composite and Defence Systems business
While other parts of the business have continued to grow, albeit against soft comparatives a year ago, the Composites and Defence Systems business has continued its recent declining trend
Morgan Advanced Materials keeps guidance as carbon arm picks up momentum
Sales for the ten months to October 2017 rose by 1%
Morgan Advanced Materials leads FTSE 250 as profit surges amid organic growth
Pre- tax profit rose to £92.3mln compared to £46.2mln a year earlier, the firm revealed