Ceramics firm Morgan Advanced Materials sees profits shattered Carbon and ceramic products maker Morgan Advanced Materials (MAM) yesterday reported a 50.7 per cent slump in profits for 2014. In 2013, the company’s profit was £64m, against £31.5m last year. The full year results were published only two weeks after the appointment of Morgan’s new chief executive Pete Raby, who will take up his [...]
Vesuvius pulls out of bidding for Morgan Advanced after rejection Morgan Advanced Materials, formerly Morgan Crucible, has rejected an all-share takeover proposal from engineering group Vesuvius that it said would have exposed its shareholders to the lower margin iron and steel sector. Shares of Morgan, which makes insulation products used in medical instruments and fire protection systems, rose 2.95 per cent to 300.4p yesterday to [...]