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.
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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