GOODWIN

Goodwin has agreed to sell large parts of its "Mechanical Engineering" division to a Cerberus subsidiary; cash consideration is up to around £1.1 billion. The units being sold recently contributed significantly more to operating profit (£206m in gross assets, £69m operating profit) than the remaining "Refractory Engineering and Technological Division" (£10m). The share price fell by around 6% despite initial approval, as investors price in a smaller, less profitable company going forward; completion depends on regulatory approvals and an internal reorganization and is targeted for Q1 2027. The board signals it intends to return a substantial part of the net proceeds to shareholders. » More on de.investing.com

Goodwin says it is in advanced talks to sell large parts of its machinery division to funds advised by Cerberus Capital Management. The purchase price is expected to be about £1.1 billion in cash, subject to customary completion adjustments. The potential sale would include Goodwin Steel Castings, Goodwin International, Noreva, the Easat Group and Pumps. The board stresses there is no certainty the deal will complete or on the final terms; Rothschild & Co is providing financial advice to Goodwin. » More on de.investing.com

Goodwin has published its annual report for the year ended 30 April 2026 and filed it with the Financial Conduct Authority. The board proposes a final dividend of 330 pence per share; approval is to be sought at the annual general meeting on 7 October 2026. The ex-dividend date is 17 September 2026, the record date is 18 September 2026, and payment is scheduled for 9 October 2026; printed copies are available at the company’s registered office. » More on de.investing.com