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The Latest Breaking News from Arconic

Shane Lowry faces new pressure to end Kingspan deal as Grenfell report due

Golfer has resisted calls from bereaved and survivors of Grenfell fire to sever sponsorship with insulation firm

The Guardian - UK

The Grenfell inquiry is exposing a culture of contempt that has run deep in Britain for decades

On the eve of publication of the final report into the disaster, it is clear that chief executives and ministers created a climate of inertia that proved deadly

The Guardian - UK

A web of blame: key findings from the second phase of the Grenfell inquiry

Multinationals, council, government, architects, builders and fire brigade expected to face criticism over 2017 disaster

The Guardian - UK

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Who Says Private Equity Is Dead? Apollo Global Management Hits 67th 52-Week High.

Apollo Asset Management hit its 67th 52-week high on Tuesday. Its stock is up nearly 81% over the past year, suggesting that the demise of private equity is greatly exaggerated.

Barchart

The Guardian view on Grenfell’s aftermath: the investigations are taking too long

Editorial: The table left empty by Arconic executives at this week’s hearings was a symbol of what has gone wrong

The Guardian - UK

Grenfell fire: Father tells of stillborn son’s life robbed from family

Marcio Gomes and his wife Andreia Perestrelo third child Logan died in hospital

Evening Standard

Grenfell survivor in whose flat fire started describes anguish to victims’ event

Behailu Kebede remains ‘broken inside’ despite bearing no responsibility, as company executives listen at testimony week

The Guardian - UK

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Cladding firm Arconic not attending Grenfell event to hear bereaved testimonies

It is understood to be the only invited organisation not currently planning to attend Grenfell Testimony Week later this month.

Evening Standard

Grenfell Tower cladding company declines invitation to victims’ event

Survivors and bereaved families ‘appalled’ by absence of Arconic at Grenfell Testimony Week, intended to provide sense of justice

The Guardian - UK

Cost of Grenfell Tower disaster soars to nearly £1.2bn

Exclusive: Costs now 4,000 times amount saved by replacing fire-retardant materials with combustible cladding

The Guardian - UK

Use of Kingspan insulation on towers near Grenfell angers residents

Council orders contractor to immediately remove material made by firm implicated in 2017 disaster

The Guardian - UK

Judge approves £150 million settlement of Grenfell compensation claims

Lawyers outlined the detail of a ‘global’ settlement of about 900 cases at a High Court hearing in London on Tuesday.

The Independent UK

Gove puts pressure on shareholders over post-Grenfell remediation package

Housing Secretary Michael Gove has warned the shareholders of cladding companies over the provision of remediation work.

The Independent UK

More than 900 people affected by Grenfell Tower fire settle claims

The bereaved, survivors and locals to receive damages relating to 2017 tragedy in west London

The Guardian - UK

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Wales Online

More than 900 survivors, relatives and residents agree Grenfell Tower compensation settlement

Cladding firm Arconic was one of the companies involved in a civil case at the High Court

Evening Standard

Grenfell Tower fire survivors and victims’ families settle civil claims

The agreement does not impact the public inquiry or the potential for any criminal charges to be brought in the future

The Independent UK

900 relatives, survivors and residents agree Grenfell Tower fire civil claim

The fire at the residential tower block in North Kensington, west London, in June 2017 killed 72 people.

The Guardian - UK

Call to sanction cladding suppliers that made £7.5bn profit since Grenfell disaster

Manufacturers of insulation installed on the tower have yet to agree a voluntary funding scheme to fix dangerous buildings

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The Guardian - UK

Grenfell showed exactly why we need red tape, yet the Tories are desperate to bin thousands of laws

As parliament debates sweeping away EU rules, MPs should remember that deregulation paved the way to the deadly fire in 2017, says author Peter Apps

The Guardian - UK

‘Every death was avoidable’: Grenfell Tower inquiry closes after 400 days

While the government apologised, the counsel attacked companies for a ‘merry-go-round of buck-passing’

The Guardian - UK

Grenfell fire: Arconic says its cladding made less heat than contents of flats

Lawyer for manufacturer of combustible cladding also tells public inquiry it was ‘unjust’ to claim Arconic had misled the market

Benzinga

Arconic Earnings Perspective: Return On Invested Capital

According to Benzinga Pro, during Q1, Arconic (NYSE:ARNC) earned $42.00 million, a 210.53% increase from the preceding quarter. Arconic also posted a total of $2.19 billion in sales, a 2.48% increase since Q4.

Benzinga

Recap: Arconic Q1 Earnings

Arconic (NYSE:ARNC) reported its Q1 earnings results on Tuesday, May 3, 2022 at 06:45 AM. Here's what investors need to know about the announcement.

Benzinga

Arconic Q1 2022 Earnings Conference Call On May 3, 2022 At 10:00 AM ET

Arconic (NYSE:ARNC) will host a conference call at 10:00 AM ET on May 3, 2022, to discuss Q1 2022 earnings results. How to Attend Arconic (ARNC) Conference Call Follow this link to access the live webcast.

Benzinga

Arconic Halts New Contracts In Russia

Arconic Corp (NYSE:ARNC) is pausing new contracts in Russia and will only conduct business that fulfills existing obligations. Arconic Foundation granted $300,000 to support humanitarian relief organizations and is matching personal donations made by Arconic employees. Also Read: More Non-US Companies Restricted Services In Russia After US Counterparts Price Action: ARNC shares are trading lower…

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