Blackstone swoops on Senior in £1.3bn aerospace supply chain play Tech Manufacturing giant Senior has agreed to a £1.3bn takeover by a consortium backed by Blackstone and Tinicum, marking the latest London-listed industrial firm to be taken private as overseas buyers target UK assets. The recommended all-cash offer values the FTSE 250 engineer at £1.28bn, with an implied enterprise value of roughly £1.4bn, the companies told [...]
Fewer than 1 in 5 senior finance roles held by women Banking Women make up less than 20 per cent of senior leadership roles at UK financial services businesses, highlighting the persistent gender gap at the top of the industry. According to new data by employment law firm Fox & Partners, out of the 66,860 senior executives in UK financial services businesses, only 12,430 are held by [...]
Senior: FTSE 250 aerospace and defence group bags new contracts Business Senior shares edged up on Tuesday after it unveiled £168m worth of new contracts that will stretch into the 2030s. Shares in the FTSE 250 firm have soared nearly 40 per cent over the last month despite the threat of Donald Trump’s tariffs on the wider aerospace industry. The stock edged up nearly two per [...]
Senior shares rise on ‘limited and manageable’ tariff impact April 24, 2025 Senior shares edged up on Thursday as the aerospace manufacturer played down the impact of Donald Trump’s tariffs. The firm, which makes high-tech components and systems for the aerospace and defence industry, said the direct impact of the levies would be “limited and manageable.” Shares rose more than three per cent in early deals. There [...]
Boeing issues weigh on FTSE 250 group Senior’s results March 3, 2025 Aerospace and defence group Senior has reported revenue of £977.1m for the year ended 31 December 2024, a one per cent increase compared to the previous year. Operating profit rose six per cent to £40.3m, while profit before tax increased by 22 per cent to £27.8m. Adjusted profit before tax declined by 14 per cent [...]
Senior shares tumble as lower Boeing and Airbus output triggers profit warning October 8, 2024 Shares in FTSE 250 aerospace parts supplier Senior tumbled on Tuesday after the firm warned on earnings and revealed cost-cutting measures in response to lower output at Boeing and Airbus.
Senior: Rolls-Royce partner reports dip in profit amid Boeing 737 Max setbacks August 5, 2024 The FTSE 250 aerospace and defence supplier said operating profit and pre-tax profit had fallen, despite booming demand for travel worldwide.
Senior: Demand fuels growth in aerospace business April 26, 2024 Senior said it expects that its aerospace business will see "good growth" this year due to the increasing number of aircrafts being built.
Senior shrugs off pandemic blip to deliver strong 2023 results March 4, 2024 Senior PLC’s Flexonics and Aerospace divisions helped it to a strong performance last year, with profit, revenue and earnings per share all up substantially on 2022.
Senior ups forecasts on hopes of aviation recovery July 9, 2021 Aerospace engineer Senior today cranked up its full year forecasts in expectation that global aviation and energy markets would continue to recover throughout 2021. The London-listed firm, which recently saw off a takeover bid from private equity firm Lone Star, said it expected group production “to be slightly ahead of our previous expectations”. The update [...]