JONATHAN JACKSON KILLIK & CO
GKN offers a fairly unique investment opportunity, being exposed to a number of the secular themes that we believe will be drivers of global demand over the medium term. Following these results, we would expect to see earnings downgrades of around five per cent.
MIKE VAN DULKEN ACCENDO MARKETS
GKN’s shares were weak yesterday, with profit-warning comments about the macroeconomic environment deteriorating in the last few weeks. This offset third quarter performance. While showing growth and broadly in-line with management expectations, it missed analysts expectations.
ROGER JOHNSTON EDISON INVESTMENT RESEARCH
GKN’s trading update is a clear indicator that Europe’s industrial economy has slipped back into intensive care since the summer. Recent dampening European economic conditions highlight the importance of the group’s strategy as a global supplier to other markets.