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Castings, Tatton, Boohoo: Automation, AUM Growth, and Losses Trimmed

Financial Times Companies •
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Castings leveraged automation to offset a 10‑percent dip in European heavy‑truck demand, cutting inventory by 28% and launching a new foundry line in Derbyshire. The move aligns with a $22.2p EPS forecast and a 14‑fold earnings multiple.

Tatton Asset Management hit £26.5bn AUM, up 9% from year‑end, as Aim‑traded revenues rose 20% and dividend jumped 42%. Adjusted operating profit climbed 24% to £28.5mn, pushing the margin to 52.3%.

Boohoo’s pre‑tax loss shrank 69% to £108.6mn amid restructuring cuts, yet gross merchandise value fell over 20%. With an EV/EBITDA of 8.4, the retailer trades at a steep discount to peers, signalling cautious upside as it shifts to an asset‑light marketplace model.