Aerospace and automotive parts maker GKN, one of the UK’s largest manufacturers, announced a rise in profits for the first half of 2014 despite seeing its sales affected by the strength of the pound.
Profits were posted in line with expectations at £224m in the six months up to June 30, marking a 76% increase in pre-tax profits. This was despite revenue falling by 2% to £3.57bn, a move attributed to the strength of the pound which shaved £247m off the sales figure. The company saw its highest growth…
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