FTSE 350 Review 2018 

FTSE 350: Sterling's loss is engineering's gain

FTSE 350: Sterling's loss is engineering's gain

As November pulled to a close, GKN (GKN) reversed its decision to appoint Kevin Cummings as chief executive. At issue was the group’s North American aerospace division – headed by Mr Cummings – which had overestimated programme inventory and receivables by between £80m and £130m, incurring a non-cash write-down in the process.

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