52 Week Range
As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay
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Dividend (Yield %)
GKN Powder Metallurgy To Establish New Business Unit GKN Hydrogen
Melrose Industries Says Proposed Disposal Of Nortek Air Management For $3.625 Billion
Melrose Industries Says Heather Lawrence, Victoria Jarman As Non-Exec Directors
Melrose Industries PLC is a United Kingdom-based company focused on acquiring manufacturing businesses. Its segments include Aerospace, a multi-technology supplier of air frame and engine structures and electrical interconnection systems, including aerostructures and special technologies; Automotive, which comprises Driveline technology, All-wheel & 4-wheel drive systems and e-drive, and Cylinder Liners businesses, a technology and systems engineer which designs, develops, manufactures and integrates a range of driveline technologies, sideshafts and propshafts; Powder Metallurgy, which provides precision powder metal parts for the automotive and industrial sectors, as well as the production of powder metal; Nortek Air management & security, comprises of Nortek Global HVAC and Nortek Air Quality & Home Solutions, it also comprises of air management and security and smart technology businesses, and Other Industrial, includes Ergotron, Brush and Wheels & Structures businesses.
Auto & Truck Parts
Leconfield House, Curzon Street
Non-Executive Independent Chairman of the Board
Simon Antony Peckham
Chief Executive, Executive Director
Executive Vice Chairman of the Board
David A. Roper
Executive Vice Chairman of the Board
Geoffrey P. Martin
Group Finance Director, Executive Director
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London's FTSE 100 hit a more than one-year high on Thursday, boosted by heavyweight consumer staple stocks and positive earnings updates from Next and Melrose Industries, while the Bank of England eased the pace of bond-buying and raised the forecast for economic growth.
Britain's Melrose Industries warned on Thursday its growth would be hit by a shortage of chips in the automotive supply chain as it recorded a rise in sales so far in 2021 thanks to a recovery in demand for cars and powder metals.
British engineer Melrose Industries on Thursday warned its growth would be hit by a shortage of semiconductors in the global automotive supply chain.
London’s FTSE 100 ended lower on Monday, dragged down by a stronger pound and as weaker oil prices weighed on energy firms, with Melrose the worst performer on the index after it decided to sell its air management unit.
Melrose Industries has agreed to sell its Nortek Air Management business for about 2.62 billion pounds ($3.63 billion) and plans to use the proceeds to pay down debt, reduce a UK pension deficit and return cash to shareholders.
Melrose Industries said on Monday it has agreed to sell its Nortek Air Management business for 2.62 billion pounds ($3.63 billion) to Chicago-based Madison Industries, with a portion of the proceeds to be returned to shareholders.
Concise insights on global finance in the Covid-19 era.
London's FTSE 100 rose on Wednesday, buoyed by Melrose Industries after it gave an upbeat trading update, with the focus also turning towards Britain's one-year spending plan announcement later in the day.
* FTSE 100 down 1.6%, FTSE 250 down 1.3% (Recasts throughout, adds comments)
Engineering business owner Melrose Industries <MRON.L> said on Thursday there were signs of a pick-up in some of its markets, excluding aerospace, after the coronavirus crisis slashed its first-half profit by 90% and prompted job cuts.
Turnaround specialist Melrose Industries Plc said on Thursday adjusted operating profit plunged 90% to 56 million pounds ($74.48 million) in the first half, hurt by a coronavirus-driven downturn in the aerospace and automotive sectors.
* MELROSE INDUSTRIES - GROUP TRADED IN LINE WITH EXPECTATIONS FROM 1 JANUARY 2020 UNTIL MID-MARCH 2020
* STANDARD ANNUAL CONFIRMATION OF POST-OFFER UNDERTAKINGS IN RELATION TO ACQUISITION OF GKN Source text for Eikon: Further company coverage:
* FOLLOWING A SUCCESSFUL 2019, GROUP TRADED IN LINE WITH MANAGEMENT EXPECTATIONS FROM JANUARY THROUGH TO MID-MARCH
* EFFECTS OF COVID-19 OUTBREAK ARE NOT FULLY KNOWN AT PRESENT
Turnaround specialist Melrose Industries Plc <MRON.L> said on Tuesday that a strike at U.S. automaker General Motors <GM.N> dented sales at its automotive and powder metallurgy units for four months.
Melrose Industries Plc flagged its confidence in meeting full-year forecasts on Thursday as the turnaround specialist reported a better-than-expected first-half profit, despite weakness in its automotive business.
Melrose Industries Plc on Thursday warned that weakness in the global automotive market would persist in the second half of the year, but the turnaround specialist said it was confident of trading in line with its expectations this year.
* Shares rise as much as 6 pct to top FTSE-100 (Adds Chairman, analyst comments, shares, background)
Turnaround specialist Melrose Industries Plc's full-year adjusted pretax profit nearly tripled, boosted by last year's hostile takeover of British engineer GKN.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.