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Administration on the horizon for castings manufacturer thebusinessdesk.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebusinessdesk.com Daily Mail and Mail on Sunday newspapers.
Chamberlin PLC expects to report 112% increase in underlying profit proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Chamberlin to return to profit Specialist castings and engineering group Chamberlin is expected to return to profitability in its current financial year. The Walsall business will report a loss for the year to the end of May following the loss of a major contract with BorgWarner late last year, and the consequential restructuring of operations and refinancing. Its board is confident that as the substantial majority of the group s restructuring costs and non-cash write downs will have been accounted for in the year, Chamberlin will be well positioned to make a strong recovery in the current financial year which started on June 1 ....