Morgan Advanced Materials plc (MGAM.L), a manufacturer of advanced carbon and ceramic materials, Thursday said its sales for the first quarter declined 3.5% on an organic constant currency basis compared with last year.
On the impact of the new US tariff, the company said,"We continue to monitor and adapt our business to the recent introduction of new trade tariffs. With our predominantly localised manufacturing footprint the unmitigated direct impact of current tariffs is expected to be relatively small. We expect to be able to mitigate much of this such that we do not expect a material net impact for the full year, albeit that any broader economic impact remains uncertain."
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.