London close: Stocks lower on Trump's latest tariff surprise
27th Mar 2025 15:20
(Sharecast News) - London stocks ended lower on Thursday as investor sentiment weakened following a surprise announcement by Donald Trump of a new 25% tariff on all imported cars and car parts.
Read moreMelrose Industries 'presents compelling investment opportunity', says Citi
14th Mar 2025 07:44
(Sharecast News) - Citi reiterated its 'buy' rating on Melrose Industries on Friday as it said it "presents a compelling investment opportunity", sending shares in the aerospace manufacturing firm higher.
Read moreMelrose reports strong 2024, outlines five-year targets
6th Mar 2025 08:12
(Sharecast News) - GKN owner Melrose Industries reported a strong 2024 financial performance on Thursday, with revenue rising 11% to £3.47bn and adjusted operating profit increasing 38% to £566m.
Read moreLondon close: Stocks finish firmer as defence plays surge
3rd Mar 2025 15:58
(Sharecast News) - London's financial markets closed on a positive note on Monday, bolstered by a significant surge in defense stocks amid expectations of increased military expenditure.
Read moreLondon close: Stocks stay lower on Trump tariff concerns
26th Nov 2024 15:31
(Sharecast News) - London stocks closed lower on Tuesday as risk sentiment soured following Donald Trump's announcement of plans to impose new tariffs on Canada, Mexico, and China.
Read moreJPMorgan hikes Melrose Industries price target, shares surge
26th Nov 2024 10:44
(Sharecast News) - Melrose Industries surged on Tuesday as JPMorgan Cazenove hiked its price target on the shares to 850p from 650p and placed them on "positive catalyst watch" ahead of full-year results in March.
Read moreLondon close: Stocks mixed ahead of UK inflation data
18th Nov 2024 16:56
(Sharecast News) - London's financial markets delivered a mixed performance on Monday, as traders digested fresh housing market data and braced for upcoming catalysts, including Nvidia's earnings and the latest UK inflation figures.
Read moreMelrose holds guidance as aftermarket work boosts revenues
18th Nov 2024 07:02
(Sharecast News) - Shares in Melrose spiked on Monday as the UK aerospace company reported a rise in revenues driven by aftermarket demand in its engines division, particularly in defence.
Read moreLondon close: Stocks sink as UK jobless rate rises
12th Nov 2024 16:39
(Sharecast News) - London stocks fell sharply on Tuesday as investors digested recent UK employment data alongside broader market reactions to Donald Trump's US presidential victory last week.
Read moreCiti highlights reassuring Melrose Industries site visit
12th Nov 2024 12:25
(Sharecast News) - Citi said in a note on Tuesday that a recent site visit at Melrose Industries' Western Approach highlighted "a number of industry-leading technologies".
Read moreLondon close: Stocks turn negative as Americans head to the polls
5th Nov 2024 16:41
(Sharecast News) - London stocks closed lower on Tuesday, with caution dominating markets as US voters headed to the presidential polls.
Read moreMelrose Industries rallies as Citi remains 'high conviction' in the buy case
5th Nov 2024 15:03
(Sharecast News) - Melrose Industries shot higher on Tuesday as Citi said it remains "high conviction" in the 'buy' case, given the trough multiple and the strong mid-term cash outlook.
Read moreBroker tips: Water companies, Close Bros, Melrose
5th Nov 2024 12:29
(Sharecast News) - UK water companies were on the rise on Tuesday as Citi and JPMorgan Cazenove struck a positive note on the outlook ahead of Ofwat's Final Determinations next month.
Read moreMelrose Industries 'explainer' on RRSPs a 'positive development', says Citi
29th Oct 2024 15:52
(Sharecast News) - The "explainer" released by Melrose Industries on Monday about its 19 Risk and Revenue Sharing Partnerships (RRSPs) is a "positive development," Citi said in a research note.
Read moreLondon close: Stocks close higher as investors look to Budget
28th Oct 2024 15:17
(Sharecast News) - London stocks had swung back into positive territory by the close on Monday, as investors prepared for a number of upcoming corporate earnings reports and the Autumn Budget.
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