gkn

 

Corbyn warns bankers: finance will serve Britain under Labour govt

Feb 20 2018

Britain’s financial sector will be “the servant of industry not the masters of us all” if the opposition Labour Party gets into power, its leader Jeremy Corbyn said.

Britain's GKN seeks to return 2.5 bn pounds over next three years

Feb 14 2018

GKN, seeking to fend off a takeover bid, says it is targeting a 2.5 billion pound cash return to shareholders over the next 3 years following a review of its business.

Melrose increases offer for Britain's GKN to $10.2 billion

Jan 17 2018

Turnaround specialists Melrose raised its offer for GKN to 430.1 pence per share or 7.4 billion pounds after meeting the British engineering company’s shareholders.

FTSE edges higher as Melrose bid rejection lifts GKN

Jan 12 2018

FTSE 100 held onto record high levels, supported by a sharp rise in British engineering group GKN which said it had rejected an unsolicited offer from rival Melrose.

Dealmaking drives sharp moves as European shares recover

Jan 12 2018

A gain of around 20 percent in GKN and strength in the auto sector drove the STOXX 600 index up 0.1% by 0814 GMT.

FTSE steady as miners outweigh GKN, Babcock gains

Feb 28 2017

GKN was top of the FTSE after it reported a 12 percent rise in profit for 2016, and sales up 22 percent, ahead of forecasts.

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Stocks In News

 

ULTRATECH CEMENT

Ultratech Cement leads race to take over Binani Cement

Offers around Rs 6,200 cr, 20% stake in co to unsecured financial creditors

Dalmia Bharat offers Rs 6,300 Cr

Dalmia seen to lose as UltraTech offering equity stake to creditors

Final decision on winner to be ratified by NCLT

Business Standard Reporst

IRB INFRA

4 companies put in bids for 9 operational national highways under ‘toll-operate-transfer’ model

Brookfield Asset mgmt, Macquarie, IRB Infra and Roadis- NIIF are cos in fray

NHAI hopes to generate more than Rs 6000 cr Under TOT model

auction will involve five highways running across Andhra Pradesh and four in Gujarat
total length of these highways is just under 700 km

Successful bidder to get toll collection rights for 30 years

BALAJI AMINES

Ministry of Commerce recommended Central Govt Anti dumping duty on Dimethylacetamide

Recommend duty for 5 Yrs on DMAC originating from China and Turkey

ADANI TRANSMISSION

Co bags Rajasthan Project

Received a LOI to construct, own, operate and maintain Fatehgarh-Bhadla transmission project in Rajasthan

Received LOI from PFC Consulting Ltd, an arm of Power Finance Corporation

With this project, ATL will strengthen its existing presence in Rajasthan with 2 operational transmission projects and 4 under construction assets

On completion of this acquisition cumulative transmission network will reach 12000 ckt kms, out of which ~9000 ckt kms under operation

Transformation capacity of ATL will also increase to 19,300 MVA from 35 substations

FORTIS HEALTHCARE

To be out of F&O if it does not declare quarterly results by March 1

All existing F&O contracts will expire on March 28

No fresh contracts will be available if the firm fails to submit results for quarters ended September and December 2017 by March 1

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