ADVFN UK Market News

Author: Fiona Craig

  • Gold Extends Decline as Bond Yields and Fed Rate Expectations Rise

    Gold Extends Decline as Bond Yields and Fed Rate Expectations Rise

    Gold prices moved lower again on Wednesday, reaching their lowest level in more than three weeks as markets assessed higher oil prices, rising global government bond yields, a firmer U.S. dollar and expectations surrounding the Federal Reserve’s next interest-rate decision.

    At 01:52 ET (05:52 GMT), XAU/USD declined 0.4% to $4,311.83 an ounce, while Gold Futures fell 0.9% to $4,358.24. XAG/USD was down 0.4% at $63.82 an ounce, with XPT/USD also declining 0.4% to $1,736.87.

    The U.S. Dollar Index increased 0.1% to 99.77.

    Higher Oil Prices Add to Inflation Focus

    Gold was on course for its fourth consecutive daily decline, leaving the metal approximately 8% below the previous week’s high near $4,700.

    The move followed another round of U.S. strikes against targets in Iran on Tuesday. Tehran said it retaliated, following almost a month of relative calm.

    Brent crude moved above $95 a barrel, while U.S. crude exceeded $91 as traders considered whether an extended conflict could disrupt energy flows through the Strait of Hormuz.

    Oil prices are being monitored for their potential effect on inflation because higher energy costs can contribute to broader price pressures. This has added to investor attention on the outlook for Federal Reserve monetary policy.

    Markets were assigning a probability of close to 70% to a Federal Reserve rate increase at the 15-16 September meeting.

    Fed Comments Keep Interest-Rate Outlook in Focus

    Expectations for interest rates have also been influenced by Federal Reserve Chair Kevin Warsh’s comments at Jackson Hole last week and subsequent remarks from other policymakers about inflation.

    Fed Governor Michael Barr said on Tuesday that policymakers should be prepared to raise interest rates if inflation does not moderate. He also warned that price pressures could become embedded after inflation remained above the Fed’s target for more than five years.

    The remarks reflect policymakers’ assessment of inflation risks. Any future change in interest rates remains dependent on incoming economic data and decisions by the Federal Reserve.

    Long-Dated Treasury Yields Return to Earlier Levels

    The increase in yields has also affected global government bond markets, with long-dated U.S. Treasury yields returning to levels seen before the Treasury’s intervention in the bond market last month.

    The U.S. 30-year Treasury yield moved above 5.28% on Tuesday, around the level recorded before Treasury Secretary Scott Bessent announced an expansion of bond buybacks on 19 August.

    Government bond yields have also risen across other major markets, with global yields reaching their highest levels since 2008, according to the supplied information.

    The dollar has strengthened alongside the rise in yields. A stronger U.S. currency can make dollar-denominated gold more expensive for buyers using other currencies. At the same time, higher yields increase the returns available from interest-bearing securities compared with gold, which does not pay interest.

    Gold Pulls Back After Nearly 10% August Gain

    The recent decline follows an advance of almost 10% for gold in August, representing its largest monthly increase since January.

    Gold’s August advance accelerated after the U.S. Treasury expanded its bond-buyback programme. Concerns surrounding sovereign debt and potential currency depreciation were also among the factors being considered by investors during the period.

    ANZ said the Treasury’s liquidity measures initially encouraged investors to increase their exposure to gold. The bank said the subsequent reversal in bond yields and the dollar has limited that momentum, although it expects the broader currency-debasement theme to continue attracting buyers.

    ANZ’s expectations represent the bank’s outlook and are not an established future outcome.

    Gold has also moved below its 200-day moving average, a technical indicator commonly monitored as a measure of longer-term price momentum.

  • Oil Extends Gains as U.S.-Iran Conflict Keeps Strait of Hormuz in Focus

    Oil Extends Gains as U.S.-Iran Conflict Keeps Strait of Hormuz in Focus

    Oil prices advanced for a third consecutive session on Wednesday, although earlier gains moderated as markets assessed renewed military exchanges between the United States and Iran and the potential impact on crude supplies from the Middle East.

    At 04:46 ET (08:46 GMT), November Brent crude futures were 0.2% higher at $94.87 a barrel, while West Texas Intermediate (WTI) crude futures increased 0.1% to $90.31 a barrel, according to Investing.com data.

    Brent had traded as high as $97.04 earlier in the session. Both crude benchmarks gained almost 5% on Tuesday, reaching their highest levels in around five weeks.

    Tanker Traffic Through Strait of Hormuz Draws Attention

    The United States launched another series of airstrikes against Iranian targets overnight. Iran subsequently carried out retaliatory missile and drone attacks against U.S. forces in Jordan and Bahrain.

    Markets are monitoring whether the developments could further affect tanker traffic through the Strait of Hormuz and regional crude shipments.

    Two supertankers carrying Saudi crude were struck by unidentified projectiles while travelling through the strait on Monday. Each vessel had loaded around 2 million barrels at Saudi Arabia’s Juaymah terminal.

    ING analysts said:

    “We’ve seen oil flow through the Strait of Hormuz despite the stalemate between the US and Iran, but rising tensions clearly put crossings at risk,”

    The U.S. energy secretary said 17 million barrels of oil moved through the Strait of Hormuz on Monday. Analysts, however, said ship-tracking data indicated lower volumes and suggested that longer-term averages offered a more representative measure of traffic through the waterway.

    Iranian Oil Loadings Fall From March Levels

    Iranian crude loadings declined to between 220,000 and 255,000 barrels per day in August from approximately 2 million barrels per day in March, Reuters reported.

    Disruptions to diesel exports from the Middle East and Russia are another factor being monitored by energy markets.

    ING analysts said:

    “Given disruptions to Middle East and Russian diesel exports, and with little sign of an imminent recovery, middle distillate cracks are likely to remain highly elevated and volatile, particularly as we move towards seasonally stronger demand,”

    The comments reflect ING’s assessment of future market conditions rather than an established outcome.

    API Reports 2.6 Million-Barrel Drop in U.S. Crude Stocks

    U.S. crude oil inventories decreased by 2.6 million barrels in the week ended 28 August, according to American Petroleum Institute figures released late Tuesday.

    That compared with an increase of 4.2 million barrels during the preceding week.

    API data also showed gasoline inventories increasing by approximately 300,000 barrels, while distillate stocks declined by a similar amount.

    The figures came ahead of the U.S. Energy Information Administration’s weekly inventory report, scheduled for release later Wednesday, which will provide further information on U.S. crude and refined product inventories.

  • U.S. Stock Futures Little Changed as Treasury Yields Approach 5%: Dow Jones, S&P, Nasdaq, Wall Street

    U.S. Stock Futures Little Changed as Treasury Yields Approach 5%: Dow Jones, S&P, Nasdaq, Wall Street

    U.S. stock futures traded close to unchanged on Wednesday as markets awaited economic data and the Federal Reserve’s Beige Book while assessing higher government bond yields, oil prices and developments involving the United States and Iran.

    S&P 500 Futures were flat at 7,637.5 points at 03:20 ET, with Nasdaq 100 Futures unchanged at 29,112 points. Dow Jones Futures were up 0.17% at 52,914 points.

    The relatively limited moves followed declines on Wall Street, where the major indexes fell by as much as 1% during the previous session.

    Middle East Developments Remain a Factor for Oil Markets

    Markets continued to assess developments in the Middle East after the United States conducted another series of strikes against Iran’s Islamic Revolutionary Guard Corps. It was the second U.S. attack on Iran reported during the week.

    The United States and Iran have provided different accounts of the status of the Strait of Hormuz. Washington says the waterway remains available to commercial shipping, while Tehran says it is closed.

    Developments surrounding the region have coincided with higher oil prices, keeping the potential impact of energy costs on inflation among the factors being considered by investors.

    Investors Await Fed Beige Book

    Attention is also turning to U.S. economic releases and the Federal Reserve’s Beige Book, which could provide further information about economic conditions, employment and price pressures.

    Investors are assessing the balance between persistent inflation and indications of slower economic or labour-market activity when considering the potential direction of interest rates.

    Markets are also monitoring the Bank of Canada’s policy communication for information about how another major central bank is responding to inflation and borrowing costs.

    Future policy decisions by the Federal Reserve and other central banks will remain dependent on economic data and policymakers’ assessments.

    Global Government Bond Yields Continue to Rise

    The U.S. 10-year Treasury yield was approaching 5%, putting it near its highest level in three years.

    Elsewhere, Australia’s 10-year government bond yield reached its highest level in more than 15 years, while Japan’s equivalent yield was around levels not recorded for approximately 30 years.

    Higher bond yields increase the returns available on government debt relative to equities. They can also raise borrowing and refinancing costs for companies and consumers.

    In equity valuation models, higher interest rates can increase the discount rate applied to projected corporate cash flows, reducing their calculated present value. This can have a greater effect on some growth and technology companies where a larger proportion of expected earnings is forecast further into the future.

    Oil, Interest Rates and Economic Data Remain in Focus

    Markets are consequently assessing the interaction between higher oil prices, elevated government bond yields, geopolitical developments and expectations for U.S. monetary policy.

    Incoming inflation, employment and broader economic data will provide additional information for investors assessing whether interest rates are likely to remain elevated or whether economic conditions could eventually allow policymakers to adjust their stance.

  • European Shares Hold Near One-Month Lows as Bond Yields Remain Elevated: DAX, CAC, FTSE100

    European Shares Hold Near One-Month Lows as Bond Yields Remain Elevated: DAX, CAC, FTSE100

    European equities were broadly flat on Wednesday after several major indexes closed at their lowest levels in more than a month in the previous session, as investors continued to assess elevated government bond yields and their implications for equity valuations and corporate financing costs.

    Germany’s DAX and France’s CAC 40 both closed on Tuesday at their lowest levels in more than a month. London’s FTSE 100 also moved towards a one-month low as markets responded to volatility in global government bond yields.

    German 10-year Bund yields were trading around 3.35%, near levels last seen in 2011, while U.S. 10-year Treasury yields moved above 4.78%.

    Higher Bond Yields Affect Equity Valuations

    Higher sovereign bond yields can affect equities through several channels. As returns available from government debt increase, the relative return investors receive for taking additional equity-market risk can decline.

    Bond yields are also commonly incorporated into the discount rates used to calculate the present value of projected corporate cash flows. Higher discount rates reduce the present value assigned to future earnings, with the effect generally more significant for companies whose valuations depend heavily on earnings expected further into the future.

    Rate-sensitive sectors can therefore face greater valuation pressure when long-term yields increase.

    Higher borrowing costs can also increase financing and refinancing expenses for companies, potentially affecting profit margins and analysts’ earnings estimates.

    Oil Prices Add to Inflation and Interest-Rate Focus

    Crude oil prices moved above $90 a barrel following direct U.S.-Iranian strikes in the Persian Gulf, adding to market attention around the outlook for energy-driven inflation.

    Traders were pricing an approximately 60% to 65% probability of a 25-basis-point interest-rate increase at the Federal Reserve’s 16 September meeting following comments from Chair Kevin Warsh at Jackson Hole.

    In the eurozone, preliminary August data showed core inflation easing to 2.4%, while headline inflation increased to 3.3%, with energy costs contributing to the rise. Investors are assessing what the figures could mean for the European Central Bank’s 10 September policy meeting.

    These market-implied probabilities and expectations remain subject to changes in economic data and central-bank policy signals.

    DAX Declines While CAC 40 Trades Flat

    Germany’s DAX fell 0.2% on Wednesday, while France’s CAC 40 was broadly unchanged.

    Cyclical stocks, automakers and technology companies were among the areas facing pressure, alongside capital goods and consumer discretionary shares.

    London’s FTSE 100 was broadly flat. Its weighting towards integrated energy companies provided some support as crude oil prices remained elevated.

    Shell (LSE:SHEL) and BP (LSE:BP.) are among the major oil companies represented in the index.

    BP shares rose 1.3% after the company appointed Ian Tyler as chairman.

  • Market Open: TT Electronics Outlook, Wizz Air Growth

    Market Open: TT Electronics Outlook, Wizz Air Growth

    FTSE 100 opens flat as TT Electronics raises its outlook and Wizz Air reports passenger growth, while Brent crude moves higher.

    Market Overview

    The FTSE 100 opened broadly unchanged, up 0.01 per cent at 10,789.94, as renewed US-Iran strikes and higher oil prices weighed on risk appetite. The Euronext 100 was unchanged at 1,905.94, while Germany’s DAX fell 0.20 per cent to 25,918.40 as rising global bond yields pressured European equities. In the US, the Nasdaq closed lower at 26,099.77 and the S&P 500 declined to 7,631.47.

    Commodity markets were mixed, with copper and gold lower while Brent crude and natural gas moved higher. Oil remained supported by renewed concern over supply disruption as the US and Iran exchanged fresh strikes and tensions around the Strait of Hormuz intensified. Bitcoin was up against sterling. The US dollar and Japanese yen strengthened marginally versus the pound, while the euro and Australian dollar weakened slightly and the Swiss franc was broadly unchanged.

    Market Numbers

    FTSE 100: Up (+0.01%), 10,789.94
    Euronext 100: Unchanged (0.00%), 1,905.94
    DAX: Down (-0.20%), 25,918.40
    NASDAQ: Down, 26,099.77
    S&P 500: Down, 7,631.47

    In the Headlines

    Profit outlook raised – TT Electronics (LSE:TTG)
    TT Electronics raised its full-year adjusted operating profit outlook above current market expectations after first-half adjusted operating profit increased and margins improved. The engineered electronics group also expects organic revenue growth to return during the second half, supported by its order book.

    Passenger growth – Wizz Air (LSE:WIZZ)
    Wizz Air carried 8.70 million passengers in August, up 25.9 per cent year on year, as the low-cost airline expanded capacity. The company is also extending its Spanish network with plans for a third base in the country at Santiago de Compostela.

    Currencies (vs GBP)

    USD: Up (+0.02%), $1.3513
    CHF: Unchanged (0.00%), Fr.1.0972
    EUR: Down (-0.01%), €1.1658
    JPY: Up (+0.02%), ¥216.485
    AUD: Down (-0.01%), $1.8912
    Bitcoin (BTC/GBP): Unchanged (0.00%), £57,393.09

    Commodities

    Copper: Down
    Gold: Down
    Brent Crude: Up
    Natural Gas: Up

  • FTSE 100 Falls as Iran-U.S. Strikes Keep Oil Prices Elevated

    FTSE 100 Falls as Iran-U.S. Strikes Keep Oil Prices Elevated

    The FTSE 100 traded lower on Wednesday as investors monitored further military exchanges involving Iran and the United States and developments affecting shipping in the Strait of Hormuz.

    The UK benchmark was down 0.30% as of 03:18 ET (07:18 GMT), while Germany’s DAX declined 0.22% and France’s CAC 40 fell 0.16%. Sterling was 0.12% lower against the U.S. dollar at $1.3501.

    Jefferies noted that risk assets had already weakened on Tuesday, when the S&P 500 declined 0.7% and the Eurostoxx fell 0.8%. The 10-year U.S. Treasury yield increased five basis points to above 4.80%.

    Iran Reports Strikes on U.S. Bases

    Iran’s Islamic Revolutionary Guard Corps said it had targeted the al-Dhafra and al-Minhad U.S. bases in the United Arab Emirates with drones. The claim had not been confirmed by UAE authorities.

    Kuwait’s KUNA news agency reported that a drone strike caused a residential fire in Kuwait City. The fire was extinguished and no casualties were reported.

    Iran also said it had targeted U.S. bases in Erbil, Iraq, while Bahrain issued a public alert.

    Two tankers, the Sidr and Senegal Prosperity, were reportedly struck by projectiles in the Strait of Hormuz. ING analysts Warren Patterson and Ewa Manthey noted that the incidents followed strikes over the weekend and additional U.S. attacks on Iranian targets overnight.

    CENTCOM said a series of U.S. strikes on Tuesday targeted IRGC “air defense sites, radar systems… and communications sites.”

    Iran said five people were killed and around 50 injured in strikes at a wedding near Sirik. Iranian foreign ministry spokesman Esmaeil Baqaei described the incident as part of a “chain of atrocities.”

    Iran separately said 11 people were killed in strikes in Khuzestan on Wednesday.

    Jordan Disputes Iranian Claim of Direct Hit

    Iran said it had fired missiles at a U.S. base in Jordan and claimed a direct hit.

    Jordan’s military provided a different account, saying 13 missiles were launched and 10 were intercepted, with no casualties reported.

    U.S. President Donald Trump also issued a warning to Iran on Truth Social, saying the country faced a response after which “there will be very little left of the Islamic Republic,” while adding that the United States has “almost total control” of Hormuz and that Tehran’s economy is “totally collapsing.”

    The comments were contained in a single Truth Social post subsequently reported by ANI and CNN.

    Jefferies Continues to See September Fed Hike as Unlikely

    Jefferies analyst Mohit Kumar said the bank continues to expect no Federal Reserve interest-rate increase in September, citing its expectation for benign inflation data.

    However, Jefferies said the threshold for a rate increase had declined following recent comments from Federal Reserve Governor Kevin Warsh concerning credibility.

    The bank sees December as the earliest potential timing for an increase, depending on developments in the conflict and oil prices.

    Brent Crude Trades at $95 a Barrel

    Brent crude increased 0.37% to $95 a barrel, while U.S. crude rose 0.06% to $90.27.

    Spot gold was down 0.02% at $4,327.33 an ounce, while gold futures declined 0.52% to $4,374.09.

    UK Corporate Updates

    BP (LSE:BP.) appointed Ian Tyler as chairman of the board. Amanda Blanc will step down as an independent director once a successor has been appointed.

    Ryanair (NASDAQ:RYAAY) lowered its fiscal 2027 passenger target to 214 million from 216 million, citing elevated unhedged oil prices. The airline also warned of higher short-haul fares.

  • BP Appoints Ian Tyler as Chairman as Amanda Blanc Plans Board Departure

    BP Appoints Ian Tyler as Chairman as Amanda Blanc Plans Board Departure

    BP PLC (LSE:BP.) has appointed Ian Tyler as permanent chairman with immediate effect following a search process that considered internal and external candidates.

    Tyler has served as interim chair since 26 May 2026, having joined BP’s board as a non-executive director in April 2025.

    The appointment follows the departure of former chairman Albert Manifold. BP’s board had cited serious concerns regarding his governance standards, oversight and conduct.

    Tyler Takes Permanent Chairman Role

    Tyler has held non-executive positions across listed and private companies in sectors including oil and gas, natural resources and engineering, working alongside more than 15 chief executives during his non-executive career.

    He currently chairs building materials company Grafton Group and serves as senior independent director of Anglo American. His previous positions include chairman of Cairn Energy and non-executive director of BAE Systems.

    Amanda Blanc, BP’s senior independent director, said:

    “I am delighted that the board has unanimously appointed Ian Tyler as Chair of BP. Ian brings significant experience providing challenge and support to executive teams, while maintaining strong governance and oversight on behalf of shareholders,” said Blanc, BP’s senior independent director.

    “These qualities have been evident during his time as Interim Chair, where he has secured the confidence of the board and executive management through his considered leadership, judgement and integrity.”

    Amanda Blanc to Leave BP Board

    BP also announced that Blanc will not seek re-election at the company’s next annual general meeting.

    Blanc, who oversaw the appointments of both Manifold and Tyler, will remain on the board until a successor is identified and will step down once that appointment has been made.

  • Cairn Homes Raises Full-Year Guidance and Announces €50 Million Share Buyback

    Cairn Homes Raises Full-Year Guidance and Announces €50 Million Share Buyback

    Cairn Homes (LSE:CRN) raised its full-year revenue and operating profit guidance and announced a new €50 million share buyback after reporting higher revenue and profit for the first half of 2026.

    Revenue for the six months ended 30 June increased 60% to €455.5 million from €284.5 million in the corresponding period a year earlier, as the Irish homebuilder completed 1,139 units.

    The net average selling price increased to €393,000 from €387,000.

    Operating Profit Rises 75%

    Operating profit increased 75% to €74.8 million from €42.7 million, while the operating margin rose to 16.4% from 15.0%.

    Gross profit was €96.9 million, up 54% from €63.1 million. Basic earnings per share increased 82% to 9.3 cents from 5.1 cents.

    Cairn raised its interim dividend to 4.5 cents per share from 4.1 cents a year earlier.

    Operating cash flow was €22.4 million, compared with an outflow of €118.6 million in the prior-year period. Net debt declined to €194.5 million from €307.4 million.

    Order Book Reaches €1.89 Billion

    As of 1 September 2026, Cairn’s closed and forward order book comprised 5,020 units with a value of €1.89 billion. This compared with 4,092 units valued at €1.54 billion a year earlier.

    The company said demand from first-time buyers increased during the period. Its private weekly sales rate averaged 3.7 new homes across selling sites during the first half, when Cairn also undertook eight new private launches.

    Chief executive Michael Stanley described the period’s performance as reflecting a “step change in output”, citing the 60% increase in deliveries and what the company called an exceptionally strong financial performance and return on investment.

    Cairn Homes Increases 2026 Profitability Forecast

    Cairn raised its full-year revenue guidance to approximately €1.08 billion, compared with its previous forecast range of €1.05 billion to €1.08 billion.

    Operating profit is now expected to be approximately €185 million, up from previous guidance of between €180 million and €185 million.

    The company also increased its return on equity forecast to approximately 17.0% from around 16.5%. These figures remain company forecasts rather than established outcomes.

    Alongside the updated guidance, Cairn announced a new €50 million share buyback. The company said the decision reflected visibility from its order book and its assessment of balance-sheet capacity to invest in growth while targeting net debt to gross asset value of approximately 20% by year-end.

  • Orosur Mining Begins El Cedro Drilling and Expands Anzá Project Area

    Orosur Mining Begins El Cedro Drilling and Expands Anzá Project Area

    Orosur Mining (LSE:OMI) has started its first drilling programme at the El Cedro gold-copper porphyry prospect within the Anzá project in Colombia.

    The initial drilling intersected a mineralised intrusion, according to the company. Exploration work will continue to assess the geological characteristics and mineralisation at the prospect.

    Orosur has also expanded the Anzá project area to approximately 530 square kilometres through additional licence applications. Some of the applications are intended to provide control over areas associated with infrastructure and the Cauca River.

    Pepas West Exploration Moves to Auger Sampling

    At the Pepas West prospect, recent shallow drilling has continued to delineate an oxidised, near-surface gold zone.

    Orosur is shifting from diamond drilling to auger sampling at Pepas West to test the thin and laterally extensive mineralisation more efficiently.

    The company intends to use the results to assess whether the mineralised zone can be advanced towards mineral resource estimation. No mineral resource has yet been established at Pepas West based on the information provided.

    Drilling Continues at APTA Gold Prospect

    Exploration is also continuing at APTA, where drilling is being used to refine Orosur’s geological understanding of an epithermal gold system.

    Current work is focused on shallower areas of the prospect, with the results intended to inform the location and design of potential future resource drilling.

    The El Cedro, Pepas West and APTA programmes form part of Orosur’s broader exploration activities across the Anzá project.

    More About Orosur Mining

    Orosur Mining Inc. is a gold-focused exploration company listed on the TSXV and AIM under the ticker OMI.

    The company’s Anzá project is located within Colombia’s Mid-Cauca gold belt and covers approximately 530 square kilometres through wholly owned subsidiaries Minera Anzá and Minera Monte Aguila. Exploration targets include epithermal gold and gold-copper porphyry systems.

  • TT Electronics Raises Full-Year Profit Outlook Following First-Half Margin Improvement

    TT Electronics Raises Full-Year Profit Outlook Following First-Half Margin Improvement

    TT Electronics (LSE:TTG) reported a 37% increase in adjusted operating profit for the six months ended 30 June 2026, despite a slight decline in organic revenue.

    Adjusted operating margins increased during the period as the company implemented changes across its operations, including measures within its EMS business, the closure of a loss-making Components facility in Plano and a realignment of its divisions.

    The group also returned to statutory profit during the half year, while leverage declined to 1.1x.

    Order Intake Produces 112% Book-to-Bill Ratio

    TT Electronics reported a book-to-bill ratio of 112% following changes to its sales and business development activities.

    The company secured contracts with customers including Rolls-Royce and MBDA during the period. Its products are used across applications including aerospace, defence, healthcare, electrification and automation.

    Free cash flow during the first half was affected by investment in inventory, which the company said was undertaken in preparation for expected growth during the second half.

    TT Electronics Expects Full-Year Profit Above Market Forecasts

    The Board now expects full-year adjusted operating profit to be ahead of current market expectations.

    TT Electronics also expects revenue to return to organic growth during the second half, supported by its existing order book. These remain company forecasts rather than established outcomes.

    The group’s cost reduction programme is largely complete and is expected to generate approximately £3 million of net savings in 2026, increasing to more than £6 million annually from 2027.

    TT Electronics is also evaluating a potential divestment of its Components business as part of its review of the group’s portfolio.

    More About TT Electronics

    TT Electronics is a global provider of engineered electronics used in performance-critical applications across healthcare, aerospace, defence, electrification and automation.

    Its operations include Power, EMS and Components divisions, with products covering areas such as sensors and power management solutions. The group has manufacturing operations across multiple regions, including Asia and North America.