Anne Stevens

2 results

Shares in GKN have rocketed after the engineering firm revealed that it has rejected a £7 billion takeover bid. Photograph: David Davies/PA Wire

Engineering group GKN, a key supplier to Airbus, rejected as “entirely opportunistic” a £7 billion (€7.8 billion) takeover offer from turnaround speci(...)

An Airbus A320neo. GKN said that write-offs at North American plants, which make parts for Airbus and other aircraft manufacturers, could jump by as much as £130 million. Photograph: Guillaume Horcajuelo/EPA

Engineering group GKN, a key supplier to Airbus, took the unprecedented step of dropping its new chief six weeks before he was even due to start the j(...)