Dowlais Group plc (DWLAF), a specialist engineering group focused on the automotive sector, Wednesday said its adjusted revenue of 4.2 billion pounds for the ten-month period to October 31 declined 6.1 percent year-over-year. This was mainly attributed to the continued weakness in the company's ePowertrain product line.
For the full year, the company has confirmed its outlook.
"The strategic review of our Powder Metallurgy business is progressing well as we evaluate options for the business. In the medium term, our strategy to accelerate our transition to a powertrain agnostic portfolio, which is better positioned to navigate market volatility, will support sustainable, profitable growth and cash generation," said Liam Butterworth, CEO of Dowlais.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.