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GKN Shock!

GKN news stated:

GKN shares slide after CEO designate Kevin Cummings is shown the door amid problems at the aerospace unit he ran
Said that it now expects to book a higher charge than earlier anticipated against its Alabama, U.S. facility
Expects to write off a further £80mln to £130mln which it had previously expected to be only £15mln

As of 8.58am the stock was trading down c.7.8% at c.286.45p


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