The former boss of Balfour Beatty, the infrastructure group, has been recruited by the government to join the board of the publicly owned British Steel. Sky News has learnt that Andrew McNaughton is among a crop of new directors signed off by Jonathan Reynolds, who was reappointed as business secretary by Andy Burnham last week. Alongside Mr McNaughton, the government has hired Jon Bolton, co-chair of the UK Steel Council; Janet Ashdown, who serves on the board of London-listed Victrex; and David Bond, who oversaw Sheffield Forgemasters' transition into public ownership in 2021, as non-executive directors.

It will cut the jobs in the third quarter of 2026 as a result, primarily in central operations rather than customer-facing roles.

Victrex (LON:VCT) reported a modest increase in first-half revenue but lower profitability, as a weak first quarter, pricing pressure and adverse mix weighed on margins. Chief Executive Dr. James Routh, who joined the PEEK polymer specialist in January, said the company is taking “urgent actions” to

The European market has been navigating a mixed landscape, with the pan-European STOXX Europe 600 Index posting modest gains amid optimism over earnings, while key indices like Germany's DAX and France's CAC 40 faced declines. As the eurozone continues its modest recovery with strengthened confidence and improved economic indicators, investors are increasingly interested in small-cap stocks that might be undervalued yet poised for growth. In this environment, identifying stocks with strong...

It is hard to get excited after looking at Victrex's (LON:VCT) recent performance, when its stock has declined 11% over...

Why the Victrex Price Target Has Been Trimmed The latest Victrex research update points to a slightly lower fair value estimate, with the multiple used in the model moving from 7.79x to 7.48x, alongside a small increase in the discount rate from 7.65% to 7.69%. These adjustments reflect a more cautious stance that lines up with mixed analyst views, where some remain constructive on the shares while others are more careful on the wider European chemicals space. As you read on, you will see how...

Victrex plc ( LON:VCT ) announced a healthy earnings result recently, and the market rewarded it with a strong uplift...

The board of Victrex plc ( LON:VCT ) has announced that it will pay a dividend on the 27th of February, with investors...

Victrex's latest analyst updates show a subtle reset in expectations, with fair value edging down about 2.7% to roughly £7.79 from £8.01, even as the assumed discount rate eases slightly from around 7.74% to 7.65% to reflect a marginally lower risk profile. At the same time, revenue growth forecasts have been lifted from just above 3.0% to around 4.6%, as the market weighs improving medium term demand against lingering execution risks that could still cap near term upside. As the Street...

As the European markets navigate a landscape marked by mixed returns and hopes for interest rate cuts, small-cap stocks are drawing attention amid economic indicators that highlight resilience in sectors like manufacturing and housing. With the pan-European STOXX Europe 600 Index showing modest gains, investors are keenly observing opportunities within smaller companies that may be poised for growth despite broader market uncertainties. Identifying promising small caps often involves looking...