May 30, 2014· (Adds CEO comment, details, shares) By Richa Naidu. May 30 (Reuters) - Britian's Fenner Plc (LSE: FENR.L - news), a maker of conveyor belts for the mining industry, warned it might miss market expectations for full-year profit as troubled U.S. coal miners continue to defer spending on maintenance. Shares in the London-listed company tumbled more than 15 percent on Friday morning, …
Nov 13, 2013· (Reuters) - British polymer maker Fenner Plc (LSE:FENR) reported a 23 percent fall in full-year pretax profit, but said it was seeing an improvement in sentiment among mining customers in Australia and the United States. The industrial conveyor belt maker said it expected its key Engineered Conveyor
* Conveyor belts: Fenner's conveyor belt business generally held firm over the first nine months of the year, buoyed by strong sales in Australia and robust resistance in Europe. * Reinforced polymers: except for the energy-related segments, the more resilient underlying markets for these activities have been impacted to a lesser extent by ...
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Apr 29, 2020· March 2, 2020 – Fenner, the world leader in polyurethane conveyor belts, launches the new Eagle Poly-V line for roller conveyor applications. April 1, 2020 – COVID-19: Michelin will hold its Annual Shareholders Meeting behind closed doors on June 23, 2020 and reduce the proposed 2019 dividend to €2.00.
Jan 14, 2015· Jan 14 (Reuters) - Fenner Plc (LSE: FENR.L - news), a maker of conveyor belts and polymer products, said it expected the steep fall in oil prices and weak commodity prices to curb demand for its products, hurting its full-year earnings. The company expects full-year earnings to be slightly below its previous guidance. Fenner shares fell as ...
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Mar 19, 2018· Fenner, best known for its heavy conveyor belts and reinforced polymer technology, was founded in 1861 and its early products included leather belting for use in power transmission, lacing and hoses. The company, which reported 655 million pounds in revenue in 2017, also supplies engineered rubber-based products to mining and industrial markets.
Fenner, which has been struggling with a slowdown in the global mining industry, also blamed the missed forecast on its failure to clinch an Australian iron ore contract worth between 2 million pounds and 2.5 million pounds, a "relatively large" deal for the company. "The lion's share of this impact has to be attributed to North America," Chief Financial Officer Richard Perry said on an ...
Jan 14, 2015· Jan 14 (Reuters) - Fenner Plc (LSE: FENR.L - news), a maker of conveyor belts and polymer products, said it expected full-year earnings to be slightly below its previous guidance as it anticipated weak commodity prices and the steep fall in oil prices to curb demand for its products. The company, which has already been hit by the slowdown in the global mining industry due to …
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