Avon Rubber heads higher after receiving order for ballistic helmets
Deliveries are expected to start in the current fiscal year and will contribute to the group’s military revenues for the year.
Company
LON:AVON
Avon Technologies PLC, formerly Avon Protection and before that Avon Rubber, is engaged in the design, testing and manufacturing of advanced respiratory and headwear solutions for the defense, law enforcement, first responder and emergency services. It also designs and manufactures a range of polymer-based products for the dairy and defense industries.
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Deliveries are expected to start in the current fiscal year and will contribute to the group’s military revenues for the year.
The delay means deliveries under the contract will not start until the first half of 2022, as opposed to the initial delivery date in the first half of next year
Management said they aim to make further acquisitions over the medium-term
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Homeserve is expected to be booted out of the FTSE 100 at close of trading tomorrow, while Weir and Pershing Square are seen as prime candidates to join the blue-chips
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Other companies in focus will be Avon Rubber, housebuilder Countryside and investment platform AJ Bell
"Avon Protection's world leading expertise in respiratory protection has been recognised by NATO through this contract award,” said Paul McDonald.
“Having achieved our valuation expectations, the board believes the time is right to allow this business to grow and flourish under new ownership,” said CEO Paul McDonald
The firm was contracted to supply M50 gas masks and related spares and accessories over five years
The firm will supply M50 gas masks and related spares and accessories over five years
Manipulated or not the markets appear to have decided the virus is no big deal anymore and they continue higher. (For how much longer?)
A massive Tory majority went down very well and markets had a great xmas rally and then when all looked good and we were in for a brilliant January... Donald Trump tweeted! Markets have since had a minor panic.
Hardware & electrical equipment
The LSE is considering a reduction in market hours to 9am-4pm! Please! Do it now!!! The opening time of 8am has always been mad. How are people expected to trade and get to work and get their kids to school? Trading between 8 and 9 is alway
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Typical bad planner I am. Been away the whole summer then go away for a bit of an "adults" holiday. I'm only just back thinking:"Swear word... I've got to try and cover what I did and I can't even remember what the hell I did yesterday..."I
A look at the day's major movers, including IMC, Ultra Electronics, Frontier Smart, Burford Capital, Avon Rubber and Hill & Smith
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The UK's premier share index finished down nearly 33 points at 7,385
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There’s a lot for investors to get their teeth into on Wednesday, with Sainsbury’s, GSK and Persimmon among the slew of companies reporting alongside Next
Avon will supply its new M69 aircrew mask to the US Air Force for at least the next five years, and it hopes more deals with the US Department of Defense will be forthcoming
The UK blue-chip index closed down 19.97 at 7,033, while FTSE 250 shed over 75 points at 18,910
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Aside from the latest consumer price index data, the Day Ahead will also bring updates from the likes of British Land, SSE, Cobham, Smiths Group, and flyBe