London close: Stocks rise on back of well-received earnings
2nd May 2024 16:07
(Sharecast News) - London's stocks finished with gains on Thursday, fuelled by strong performances from key players like Standard Chartered and Smurfit Kappa.
Read moreEngine sales drive Q1 growth at Melrose
2nd May 2024 07:20
(Sharecast News) - Aerospace tech group Melrose reported a strong start to the year with its Engines division driving group revenues higher, as it reiterated recently upgraded guidance for the full year.
Read moreLondon close: Stocks finish firmer as US jobless claims rise
7th Mar 2024 15:29
(Sharecast News) - London markets closed with modest gains on Thursday, after higher-than-expected jobless claims figures from the US, and a flurry of corporate news in the UK.
Read moreMelrose upbeat after annual results top forecasts
7th Mar 2024 07:45
(Sharecast News) - Melrose Industries reported above-forecast annual results on Thursday, after the aerospace specialist benefited from an upturn in the aviation sector.
Read moreCiti ups target for Melrose on strong cash generation
29th Feb 2024 12:36
(Sharecast News) - Citi has lifted its target price for aerospace manufacturing group Melrose from 620p to 735p and placed the stock on 'catalyst watch' ahead of company's results next week, hailing the company cash-generating abilities.
Read moreLondon close: Stocks manage positive finish after mixed session
8th Jan 2024 16:38
(Sharecast News) - London's financial markets experienced a mixed trading day on Monday, with the FTSE 100 and FTSE 250 indices closing in positive territory after spending much of the session in the red.
Read moreJP Morgan labels Melrose a top pick for 2024
8th Jan 2024 08:49
(Sharecast News) - JP Morgan has placed Melrose on 'positive catalyst watch' ahead of the British manufacturing group's full-year results, saying it expects "good news to keep coming".
Read moreLondon close: Stocks sink after three days of gains
16th Nov 2023 15:45
(Sharecast News) - London markets ended in negative territory on Thursday, reversing a three-day winning streak.
Read moreMelrose Industries lifts full-year profit expectations
16th Nov 2023 07:38
(Sharecast News) - Melrose Industries lifted its full-year profit outlook on Thursday, as it highlighted stronger aftermarket demand and pricing.
Read moreLondon close: Stocks mixed, Ryanair leads low-cost airlines higher
6th Nov 2023 16:45
(Sharecast News) - London's stock markets finished mixed on Monday, with low-cost airlines in focus as investors cheered Ryanair's latest figures.
Read moreMelrose expands GE Aerospace partnership with $5bn deal
6th Nov 2023 07:13
(Sharecast News) - FTSE 100-listed aerospace group Melrose has signed a new $5bn aftermarket services agreement with engines giant GE Aerospace.
Read moreMelrose boosts full-year guidance for margins
17th Oct 2023 08:07
(Sharecast News) - Aerospace outfit Melrose upgraded its full-year guidance thanks to the continued "strong" aftermarket demand in its Engines business.
Read moreMelrose confident it can weather GTF engine fleet issues
12th Sep 2023 07:49
(Sharecast News) - Melrose Industries offered clarification on Tuesday, over a recent update from RTX on the Pratt & Whitney GTF fleet.
Read moreBroker tips: Ashmore, Melrose Industries, Babcock
11th Sep 2023 16:58
(Sharecast News) - Shares of emerging markets investment manager Ashmore have tanked since the start of the year but still don't represent a buying opportunity, according to Citi, which maintained its 'sell' rating on the stock on Monday.
Read moreMelrose Industries valuation 'up with events', says RBC Capital
11th Sep 2023 08:28
(Sharecast News) - RBC Capital Markets downgraded Melrose Industries on Monday to 'sector perform' from 'outperform' as it argued the valuation was "up with events", but lifted the price target to 540p from 525p.
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