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The Guardian - Back to homeThe Guardian

GKN

May 2024

  • GKN engineer at work. PR

    Observer business agenda
    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

April 2023

  • Nils Pratley

    Nils Pratley on finance
    As Dowlais debuts, fears over Melrose’s GKN takeover look unfounded

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

September 2021

  • Nils Pratley

    Nils Pratley on finance
    GKN shareholders may now regret not asking for bigger slice of Melrose pie

    Nils Pratley
    Latest figures and outlook suggest investors rolled over too cheaply, delivering takeover bargain in 2018
  • Passengers wearing face masks board a Ryanair plane at Paris-Beauvais airport.

    Air travel revival elicits recovery signs for aerospace and airlines

    GKN owner Melrose reports recovery in car and jet parts while Ryanair passenger numbers are up 50% on August 2020
  • A GKN sign

    GKN workers in Birmingham to strike over factory closure

    Automotive staff take action to save plant, where 500 jobs are at risk

February 2021

  • GKN logo

    Melrose under fire over plans to close GKN factory in Birmingham

    MPs and unions criticise proposal to move work carried out in Erdington plant to France and Poland

May 2020

  • An assistant serves coffee in a Marks & Spencer cafe as they reopen for takeaways on 14 May.

    Marks & Spencer joins growing list of UK firms deemed 'junk' investments

    Venerable retailer among 24 firms downgraded by S&P during coronavirus crisis

December 2019

  • An employee works near a 737 Max aircraft at Boeing’s 737 Max production facility in Renton, Washington, US

    Boeing's suspension of 737 Max production rattles airline industry

    Ripple effects dent stocks in airlines and aircraft suppliers around the world

September 2019

  • A GKN Aerospace employee works on a trailing wing edge of an Airbus SAS A380 aircraft.

    GKN Aerospace to shed 1,000 jobs worldwide

    Redditch-based company employs 18,000 workers, of which 3,500 are in UK

April 2019

  • A protest in March 2018 against Melrose’ proposed takeover of GKN outside a GKN factory in Erdington, Birmingham.

    Melrose plan to shut GKN Aerospace factory is 'breach of faith'

    Melrose denies closure of Birmingham factory violates assurances over GKN’s future

March 2019

  • Nils Pratley

    Nils Pratley on finance
    John Lewis: the winning streak may be over, but it's not a crisis

    Nils Pratley
    The retailer has just unveiled its worst profits for a decade but it’s still a solid business

February 2019

  • A worker on a production line.

    Brexit frontline
    What are Brexit contingency plans for aerospace and defence?

    With no deal estimated to mean billions of pounds in extra costs, here’s what firms are doing

September 2018

  • Nils Pratley

    Nils Pratley on finance
    Energy price cap could be a muddle that satisfies no one

    Nils Pratley
    Think of the price cap as a command to companies to shed costs – meaning jobs

April 2018

  • Nils Pratley

    Nils Pratley on finance
    Will the TSB chief pay the price for its online banking meltdown?

    Nils Pratley
    It is clear that the main blame lies with parent Sabadell, but Paul Pester may end up as the fall guy
  • Ed Miliband, former secretary of State for energy and climate change, argued for an energy price freeze.

    Business leader
    The weakness of price caps is clear. Energy markets need bolder action

    The big firms have raised tariffs to within a pound of the prepayment-meter maximum. What price government promises of savings now?
  • Will Hutton

    GKN will be stripped and sold for parts by ghouls who have no interest in making things

    Will Hutton
    What can we expect from a takeover led by a protege of Lord Hanson, the man who laid waste to industrial Britain?

March 2018

  • Martin Rowson 31.3.18

    Guardian Opinion cartoon
    Martin Rowson on the GKN takeover – cartoon

  • Beatles fans in the 1960s

    Brief letters
    Signed off school with Beatlemania

  • A GKN employee works on a wing of an Airbus A380 aircraft

    Corbyn: interests of City speculators put above jobs in GKN takeover

  • GKN flag outside its headquarters in Redditch

    MPs call for government to block Melrose's £8bn hostile takeover of GKN

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