YORKSHIRE materials technology firm Dyson has reported "significant progress" in agreeing a solvent debt and capital restructuring with its banks and key stakeholders.

The firm said that it had also experienced encouraging trading momentum over the last three months within Saffil - the group's principal remaining operating business.

Dyson, which last December sold loss making subsidiary Kilm Furniture for £1, reported that operational restructuring of the business was progressing well.

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