GKN’s first quarter profits were deceptively weak as once extraordinary charges and acquisition costs are stripped out then they were in fact rather flattish. More importantly even, its recent decision to purchase Volvo’s aerospace arm looks increasingly to have been a fortunate one, as the sector’s two main end clients – Boeing and Airbus – are beginning to ramp up production, with the first clear benefits for GKN starting to come through. As well, the automotive sector will come back, although possibly not yet this year. They sell on nine times this year’s earnings. As further benefits from aerospace arrive they look to have further to go, writes The Times’s Tempus.

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Sausage skins maker Devro warned that profits for the first quarter of the year were below last year's but that it is confident it will meet full year expectations.

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Amur Minerals Corporation: HB Markets initiates with a speculative buy.

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