Meggitt posts Parker scheme after chairman talks of 'binding committments'
16th Aug 2021 07:58
(Sharecast News) - Aerospace and defence engineer Meggitt pressed ahead with the agreed takeover from US peer Parker Hannifin on Monday, despite the prospect of a rival bid.
Read moreSunday newspaper round-up: Meggitt, GlaxoSmithKline, Luxury goods
15th Aug 2021 17:08
(Sharecast News) - Ministers must be prepared to block a takeover of Meggitt if any bidder tries to buy it without giving binding commitments on investment and jobs, the FTSE 250 aerospace and defence manufacturer's chairman warned this weekend. Sir Nigel Rudd said that while "clearly, price is important", any new owner would need to give Meggitt and the government undertakings, including to keep the company's headquarters in Coventry and maintain R&D spending. - Sunday Times
Read moreMeggitt gets unsolicited takeover approach from TransDigm, shares surge
11th Aug 2021 15:32
(Sharecast News) - Meggitt shares surged on Wednesday after the defence and aerospace engineer said he it had received an unsolicited takeover approach from US aerospace manufacturer TransDigm at 900p per share in cash.
Read moreMeggitt to be taken over by Parker-Hannifin in £6.3bn deal
2nd Aug 2021 07:59
(Sharecast News) - Defence and aerospace engineer Meggitt said on Monday that it has agreed to be bought by US rival Parker-Hannifin for £6.3bn as it reported a decline in interim profit and revenue.
Read moreMonday broker round-up
19th Jul 2021 13:40
(Sharecast News) - BP: Morgan Stanley stays at 'underweight' and revises target price from 285.0p to 305.0p.
Read moreThursday broker round-up
8th Jul 2021 13:04
(Sharecast News) - Croda International: HSBC upgrades to buy with a target price of 8,600p.
Read moreTuesday broker round-up
15th Jun 2021 13:39
(Sharecast News) - Page Group: Morgan Stanley downgrades to underweight with a target price of 545p.
Read moreMonday broker round-up
10th May 2021 13:05
(Sharecast News) - St Modwen: Liberum downgrades to hold with a target price of 542p.
Read moreMeggitt surges as Woodward said to explore possible acquisition
7th May 2021 08:07
(Sharecast News) - Meggitt shares surged on Friday following a report that US-based Woodward Inc could be looking to buy the London-listed aerospace engineer.
Read moreUneven rollout of vaccines globally weighing on forecasts, Meggitt says
29th Apr 2021 08:05
(Sharecast News) - Meggitt continued to forecast a recovery in its main end markets, but noted the recent softening in full-year industry traffics forecasts due to the uneven rollout of vaccines across the globe.
Read moreFriday broker round-up
9th Apr 2021 13:09
(Sharecast News) - Hilton Food Group: RBC Capital Markets upgrades to outperform with a target price of 1,500p.
Read moreMonday broker round-up
8th Mar 2021 13:00
(Sharecast News) - Entain: Numis upgrades to add with a target price of 1,675p.
Read moreMeggitt profits slump as pandemic takes its toll
4th Mar 2021 07:56
(Sharecast News) - Engineer Meggitt reported a slump in full-year profit on Thursday as it took a hit from the pandemic, and said it would not be recommending a dividend for 2020.
Read moreMeggitt wins multi-million pound Boeing 737 Max contract
2nd Mar 2021 08:54
(Sharecast News) - Aerospace engineer Meggitt said it had won a large multi-million-pound contract with Boeing to supply cockpit indicators for the 737 MAX aircraft.
Read moreBarclays upgrades Meggitt, Senior
24th Nov 2020 09:24
(Sharecast News) - Barclays upgraded Meggitt and Senior on Tuesday as it took a look at the European aerospace and defence sector.
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