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
Company
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.
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Investments and investor services
The UK's index of leading shares finished around 35 points lower at 7,105 on the day
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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
The company, formerly known as Morgan Crucible, could be set to enjoy the benefits of some heavy investment in research & development, Berenberg believes
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”
Footsie added nearly 26 points to stand at 7,626, while FTSE 250 also finished higher - up almost 71 points at 20,871
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
Sales for the ten months to October 2017 rose by 1%
Pre- tax profit rose to £92.3mln compared to £46.2mln a year earlier, the firm revealed