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The Latest Breaking News from GKN

FBI serves search warrant at Southern California chemical plant that forced evacuations

About a dozen people and businesses that were among the 50,000 evacuated during the chemical emergency have filed lawsuits against the company

The Independent UK

FBI searches southern California facility where chemical incident spurred evacuation

Chemical tank overheated in May and forced evacuation of 50,000 nearby residents due to danger of explosion

The Guardian - US

California residents evacuated due to chemical tank threat return home but fears remain

Residents were back in their homes near a chemical tank that overheated in Southern California

AAP

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Thousands return home after California chemical tank threat, but fears linger

A faulty valve in the tank's cooling system triggered the evacuation of 50,000 people in and around Garden Grove, Orange County

The Independent UK

The Garden Grove Chemical Leak: What Is Methyl Methacrylate and What To Do If You Are Exposed?

When firefighters arrived at the GKN Aerospace facility on Western Avenue last Thursday afternoon, they found a 34,000-gallon storage tank overheating with no clear way to stop it. Inside: approximately 7,000 gallons of methyl methacrylate, a highly toxic, flammable, and volatile industrial chemical used to manufacture acrylic glass and aircraft…

Latin Times

Record salaries for UK chief executives as pay rises for third year in a row

Report finds more than £1bn handed out to just 217 FTSE 100 bosses in the last financial year

The Guardian - UK

Dowlais deal shows crisis in the UK stock market is getting worse

It should be the GKN Automotive owner taking over its US rival American Axle, not the other way around

The Guardian - UK

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British "industrial aristocracy" Dowlais joins exodus from London stock market

Dowlais traces its roots back to the formation of Dowlais Ironworks Co in south Wales at the dawn of the Industrial Revolution in 1759

Evening Standard

More Melroses, fewer Sheins: the real definition of success for London

Look to Simon Peckham’s return with Rosebank Industries for an example of where the market should place value

The Guardian - UK

UK ‘robber baron’ company Melrose gives bosses £176m handout

Lion’s share will go to three former executives of company condemned for hostile takeover of engineering firm GKN in 2018

The Guardian - UK

Huge payouts in prospect for ‘robber barons’ who won bitter battle for GKN

Fears for what Melrose might do to the historic engineering firm did not all come to pass, but more anger is now in prospect

The Guardian - UK

As Dowlais debuts, fears over Melrose’s GKN takeover look unfounded

In 2018 the deal was treated with much scepticism, but Melrose can hardly be accused of slash-and-burn tactics

The Guardian - UK

West Midlands business review of 2022 - part three: Commonwealth Games, big move for BBC and Villa Park expansion

Our 2022 review of the business world in the West Midlands hits the summer and the spectacular Commonwealth Games, the Beeb announces plans to leave the Mailbox and Aston Villa press ahead with stadium expansion

Birmingham Post

Melrose Industries to break up GKN by spinning off automotive and powder metallurgy divisions

Turnaround investor says the proposal gives each 'an exciting opportunity to grow shareholder value'

Birmingham Post

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Evening Standard

Melrose to split in two with spin-off of its GKN automotive business

Boss of FTSE 100 engineer tells the Standard it’s about getting the company’s ‘mojo back’

Birmingham Post

GKN Aerospace working with Bristol firm on liquid hydrogen fuel tests

Filton Systems Engineering and New Zealand firm Fabrum are developing new technology as part of efforts to decarbonise aviation

Birmingham Post

Spitfire flown by The Great Escape's Sandy Gunn to return to skies with help from GKN

Once restored, the historic plane will fly to Norway and will attend air shows in New Zealand and the US

Birmingham Post

Government backs 'world leading' South West in green aerospace investment drive

The region - home to giants of the trade such as Airbus and GKN - has been recognised as a "global destination" for aviation

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