Shares of Senior Plc (SNR.L) are up 8 percent on Thursday's trading after the company said in its pre-closing update for fiscal year 2025 that it now expects annual adjusted profit before tax to be comfortably above previous expectations, helped by higher-than-anticipated trading, mainly within its Aerospace division.
On the LSE,SNR.L is currently up 8.11 percent on Thursday's trading at 247.00 pence.
The British aerospace components manufacturer said that it has also taken steps to reduce its cost base in certain Flexonics operations. The associated restructuring costs will be treated as adjusting items and will be mentioned in its full-year results, Senior Plc added.
In addition, initial cash proceeds from the sale of the Aerostructures business, along with strong cash generation, has led to net debt coming below 80 million pounds. Senior Plc said that it will publish its full-year 2025 results on March 2.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.