News 

GKN margins squeezed by North America challenges

“GKN PLC (GKN.LN) said Friday that third-quarter margin performance was lower than the comparable period a year earlier, mainly due to program transitions and operational challenges in its Aerospace North America division” writes Dimitrios Kontos for marketwatch.com. The company said that it expects to have to provide for two unexpected claims, which it said were commercially sensitive, and could result in a charge of around 40 million pounds ($52.9 million) in the fourth quarter.The engineering business, which serves the aerospace and automotive markets, said that it expects pretax management profit…

Read More
Markets News 

Disney upgraded at Wells Fargo as TV landscape transitions to direct-to-consumer streaming

“Ryvicker upgraded Disney shares to outperform from market perform” writes Trey Williams for marketwatch.com. Shares of Viacom have declined close to 22% in the year to date, while Disney shares are down nearly 2% and the S&P 500 index SPX, -0.48% is up more than 10%. Source: marketwatch.com Share This:

Read More
News 

Video game maker Take-Two Interactive’s growth looks positive as it transitions to digital distribution

“TTWO, +1.78% is in the midst of a transition to digital distribution that gives the company a positive outlook on future growth, according to Benchmark analyst Mike Hickey” writes Trey Williams for marketwatch.com. Hickey wrote that Take-Two is in the early days of its transition to delivering games digitally, which is the result of a broader industry trend that has impacted retailers of physical games, such as GameStop Inc. Source: marketwatch.com Share This:

Read More