Company
Senior PLC
LON:SNR
Senior is an international manufacturing group with operations in 11 countries. Senior designs, manufactures and markets high technology components and systems for the principal original equipment producers in the worldwide civil aerospace, defence, diesel engine, exhaust system and energy markets.
52 stories
Senior raises full-year expectations as end markets continue to recover
That's handy, Harry; shortly after rejecting several bid approaches from private equity, Senior management lifts full-year trading expectations
Archive
FTSE 100 closes strongly, at the day's peak as all eyes focus on Euro 2020 final
At the close, the UK blue-chip index was 91.22 points, or 1.3% higher at 7,121.88, well above the session low of 7,030.22
Senior set for trading update ahead of August's strategy review
Friday’s update for Senior will focus on current trading; investors will have to wait until 2 August for a full market and strategy update.
Senior shares shrug higher on fifth bid from US private equity group
Shares in the company were up 14% in early trading
Senior upgraded to ‘overweight’ by Barclays as some short-term uncertainties dissolve
Concerns over the balance sheet have not materialised and earnings growth and positive free cash flow are expected to return from 2023
Senior extends restructuring as no recovery in sight for aerospace market
“It is likely to be 2022 before we see a meaningful recovery in group revenues,” said CEO David Squires
Senior wins contract with Pratt & Whitney
Senior is an international manufacturing group with operations in 13 countries
Senior expects continued disruption throughout 2020 after huge half-year loss
In the six months to June 30, revenue was wiped out by a third to £409mln as the pandemic hit
Senior slides after second-quarter sales slump
Senior's end markets are having a hard time and the company has responded by extending its restructuring programme
Senior trading slightly ahead of expectations
The outperformance was despite the tangible impact of the coronavirus outbreak.
Senior gains as Peel Hunt ups to ‘buy’ from ‘hold’, believes engineer has sufficient liquidity to weather coronavirus storm
The broker's analysts also hiked their target price for the FTSE 250-listed stock to 80p from 70p, with the shares changing hands at 65.60p each
Senior jettisons dividend to conserve cash as coronavirus hits end markets
The aerospace and defence engineer said it is also cutting capital expenditure and making further costs cuts
Senior higher as it remains confident on a return to growth in 2021 after big 2019 loss
The firm reported a 53% drop in 2019 pre-tax profit to £28mln after a £22mln charge for non-core business disposals
Senior predicts 20% hit to Aerospace revenue from Boeing 737 MAX crisis
The FTSE 250 engineer said it was “now evident” that the production rate of the aircraft will be below assumptions made in a trading update in November, and that the firm had exposure to the stoppage through several of its customers
Senior seeks buyers for aerostructures business
The engineer has confirmed reports that it is considering the sale of its aerostructures business, as revenues weaken
Senior kicks off £20mln restructuring programme after weak performance
The company will reduce headcount, transfer major work packages to South East Asia and close a South Carolina plant by early 2020
Senior set for a "gentle descent" after Boeing Max 737 grounded, says Peel Hunt
The aerospace designer's share price has halved after major customer Boeing was forced to ground its best-selling aircraft 737 Max earlier this year
Senior slides further as Peel Hunt joins in with Boeing-related downgrades
Boeing’s 737 Max aeroplanes have been grounded around the world after crashes in October and March
Senior left crippled as Barclays downgrades on Boeing Max 737 production fears
Barclays expects an inventory build since the planes were grounded and production cut, which means it will take a while for deliveries to ramp back up to normal levels
Archive
e-therapeutics jumps as share overhang created by Woodford’s need to liquidate assets further cleared
A look at some of the biggest risers and fallers in London on Thursday
Senior warns on margin hit after Boeing production cuts following the global grounding of its 737 MAX planes
In an update, the FTSE 250-listed aerospace engineer said overall trading has been in line with expectations but said it is expecting some impact from the 737 MAX situation
Senior says aerospace unit selected to supply components for Boeing's T-X advanced pilot training system
The UK group noted that Boeing has stated that they "expect T-X to be a franchise program for much of this century"
Senior expects 'another year of improvement' after 2018 profits jump on record sales
Senior expects a "slight decline" in sales at its flexonics division in 2019 but this will be offset by improved margins
Investments and investor services
FTSE 100 finishes ahead on US-China optimism; Rightmove top gainer
The UK blue-chip benchmark finished around 27 points higher at 7,134
Hardware & electrical equipment
Spectris hires rival’s former finance chief as new CFO
Derek Harding was the chief financial officer at rival engineering group Senior between 2013 and 2017, so he should know a thing or two about the industry
FTSE 100 closes lower after another day of unease on Brexit and trade
The UK's premier blue-chip index closed down around 12 points at 7,004
Archive
Mid-week brings déjà vu with post-update Findel results and second reading of US GDP
Findel's October update will have most likely covered any surprises in its interims, while the US's third-quarter GDP could move from the previous reading of 3.5%
Centrica appoints chairman-designate from Weir Group
The FTSE 100-energy group said Charles Berry would be appointed initially as a non-executive director before taking over from Rick Haythornthwaite on 21 February 2019
Barclays downgrades Meggitt on valuation grounds
Analysts praised last week’s “very strong” first-half revenue growth and said margins have the potential to pick up, but they think the recent share price rise and more positive outlook make other stocks more appealing
Senior hikes dividend after reporting above-forecast first-half profits, says current trading ahead of expectations
For the six months ending on 30 June, the FTSE 250-listed engineer saw its pre-tax profits jump by 20% to £39.0mln, beating estimates for around £37.0mln
FTSE 100 closes slightly in red as traders sit on hands ahead of central bank updates
FTSE 100 closed down 0.46 points, or 0.01% at 7,700 on Monday
Senior shares gain as it reports record revenue although profits decline on narrower margins
Senior's revenue increased by 12% to £1.023bn, up from £917mln a year earlier, exceeding the £1bn level for the first time
FTSE 100 closes higher but below 7,300, as Wall Street heads north
London's blue-chips closed up around 45 points but below the 7,300 level
Senior raises profits guidance after strong performance in November and December
The outperformance was driven by a good performance in November and December
Hardware & electrical equipment
No defence: Ultra Electronics downed as Berenberg and JPMorgan Cazenove cut targets
Berenberg cut its target for the defence contractor to 1,300p from 1,550p and reiterated a ‘sell’ rating on the stock, noting a recent rally by the shares
FTSE 100 ends up, miners buoyed by China, UK companies buy US firms
FTSE 100 shares closed higher on Friday, led by miners buoyed by strong trade data from China while several UK companies were snapping up US stocks in a role reversal from that seen in the days after the June Brexit poll when UK companies w
Week Ahead: BP and Shell in clash of the titans
BP & Shell are both issuing interims on Tuesday - about as likely as Taylor Swift and Katy Perry performing a duet together
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Apple supplier Laird downgraded by JP Morgan Cazenove
A look at some early analyst views in the City
Senior running out of steam as road and oil & gas markets stutter
Shares lost around one-sixth of their value as the company warned hard times for its Flexonics division would hit full-year results
Risers and fallers: Weatherly, Hayward Tyler, Lombard Risk...
The renaissance of compliance and collateral management software provider Lombard Risk under new management is underway, judging by its half-year results
FTSE 100 stocks edge higher as bank stocks brush off ECB policy
FTSE 100 stocks edged higher on Thursday led by bank stocks, even as their euro zone cousins counted the cost of continued low interest rates signalled by the European Central Bank
UK shares fall after manufacturing at lowest levels since 2013, FTSE 250 at pre-Brexit levels
London shares closed lower on Monday, as the month started with dire manufacturing output data to set a bad tone for the week as mid-caps fall below Brexit levels, again
Investments and investor services
Dire UK manufacturing data hits Footsie
The FTSE 100 Index lost hold of a 25-point gain to stand 17.5 points adrift at lunchtime
Investments and investor services
Risers & Fallers: Asian Growth, Ferrexpo, Premier Oil, Red24, Sierra Rutile, Vedanta
SolGold's shares surged after it announced a fund-raising, which is not the way things usually go, MySQUAR's shares tumbled after it announced it was issuing shares.
Boeing Co upbeat on aerospace outlook despite 'Brexit'
US aircraft giant predicts 4.1% rise in aircraft demand in next 20 years
Boeing upbeat on aerospace outlook despite 'Brexit'
US aircraft giant predicts 4.1% rise in aircraft demand in next 20 years
Risers & Fallers: Boxhill, EKF, GW Pharma, PV Crystalox, Smart Metering, SyQic
payment processing firm had some long overdue good news, saying first quarter sales were strong and in line with expectations.