Melrose Industries updates on RRSPs, shares surge
28th Oct 2024 15:04
(Sharecast News) - Melrose Industries surged on Monday after it released a document explaining the accounting around its 19 Risk and Revenue Sharing Partnerships (RRSPs) and said the portfolio was "well positioned" to generate significant returns for investors in the coming decades.
Read moreDirector dealings: Melrose Industries non-exec buys 17k shares
23rd Oct 2024 12:04
(Sharecast News) - Two prominent insider dealings disclosed to the market on Wednesday involved directors at FTSE 100 defence technology specialist Melrose Industries, and the AIM-traded Property Franchise Group.
Read moreMorgan Stanley initiates Melrose Industries at 'equalweight'
6th Sep 2024 12:21
(Sharecast News) - Morgan Stanley initiated coverage of Melrose Industries on Friday at 'equalweight' with a 500 price target.
Read moreLondon close: Stocks higher as investors digest Powell speech
23rd Aug 2024 14:33
(Sharecast News) - London markets closed in positive territory on Friday, as investors digested remarks from US Federal Reserve chairman Jerome Powell at the annual Jackson Hole economic symposium.
Read moreLondon close: Stocks make small rebound from Monday's losses
6th Aug 2024 15:20
(Sharecast News) - London stocks ended Tuesday on a positive note, with key indices recouping some losses from the previous session's sharp selloff.
Read moreMelrose beats first-half forecasts but warns of supply challenges
1st Aug 2024 10:40
(Sharecast News) - Aerospace group Melrose Industries reported a strong set of first-half results on Thursday, ahead of its expectations, with adjusted operating profit up 62% to £247m, although it adjusted its 2025 revenue targets amid "industry-wide" supply chain challenges.
Read moreLondon close: Stocks mixed as investors assess hung French parliament
8th Jul 2024 15:07
(Sharecast News) - London markets showed mixed performance on Monday as investors weighed the implications of a hung parliament in France.
Read moreRBC Capital upgrades Melrose Industries to 'outperform'
8th Jul 2024 10:18
(Sharecast News) - RBC Capital Markets upgraded Melrose Industries on Monday to 'outperform' from 'sector perform' as it noted the share price has fallen around 15% from April highs but said the fundamentals remain "very supportive".
Read moreLondon close: Stocks finish lower after Airbus profit warning
25th Jun 2024 15:54
(Sharecast News) - London stocks ended Tuesday in negative territory, influenced by significant losses in key sectors following a profit warning from Airbus.
Read moreMelrose appoints former British Land CEO as chair designate
18th Jun 2024 07:12
(Sharecast News) - Aerospace manufacturing group Melrose has appointed the former boss of British Land and veteran banker Chris Grigg as its chair designate.
Read moreStifel lifts Melrose Industries price target, profit forecast
4th Jun 2024 14:59
(Sharecast News) - Melrose Industries rallied on Tuesday as Stifel lifted its price target on the shares to 700p from 690p and upped its profit forecast.
Read moreLondon 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.
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