News: Chemring Group PLC (CHG.L)

CHG.L on London Stock Exchange

228.75GBp
21 Nov 2014
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Wed, Sep 17 2014

Chemring's revenue falls as defense budgets shrink

- Chemring Group Plc , which makes ejector seats for fighter jets and flares used to counter heat-seeking missiles, said quarterly revenue shrunk by a third, hit by defense budget cuts in key markets.

UPDATE 1-Chemring's revenue falls as defence budgets shrink

Sept 17 - Chemring Group Plc, which makes ejector seats for fighter jets and flares used to counter heat-seeking missiles, said quarterly revenue shrunk by a third, hit by defence budget cuts in key markets.

British defence contractor Chemring's third-quarter revenue falls

Sept 17 - British defence contractor Chemring Group Plc's quarterly revenue shrunk by a third as it continued to be hurt by defence budget cuts in its key markets.

UPDATE 3-British defence contractor Chemring CEO Papworth steps down

* Shares fall as much as 12.5 pct, top loser on LSE (Adds analyst comment; updates share movement)

CORRECTED-Chemring half-year profit falls; CEO steps down

(In paragraph 3, corrects underlying pretax profit for the current and earlier periods to 18 mln stg and 25.2 mln stg respectively, not 27 mln stg and 35.1 mln stg)

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