Citi 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.
Read moreLondon close: Stocks mixed as weaker pound lifts FTSE 100
7th Sep 2023 15:57
(Sharecast News) - London's stock market presented a mixed close on Thursday, with the bourse's top-flight index ending in positive territory, buoyed by a weakening pound.
Read moreMelrose Industries upgrades 2023 guidance
7th Sep 2023 07:18
(Sharecast News) - Melrose Industries lifted its annual outlook on Thursday as it said trading has been ahead of expectations, partly due to higher-than-expected margins at the engines division.
Read moreMelrose CEO Simon Peckham sells 2m shares
15th Jun 2023 08:39
(Sharecast News) - Melrose Industries slumped on Thursday after chief executive officer Simon Peckham sold 2m shares in the company - half his shareholding - at 524.5p "as a result of a change in personal circumstances".
Read moreSunday newspaper round-up: Bank of England, Sturgeon, Melrose
11th Jun 2023 14:36
(Sharecast News) - Experts believe that the Bank of England will have to jack up its base rate from 4.5% at present to 5.5% by the end of 2023 in order to tame stubbornly high inflation. It was that prospect that had already resulted in lenders and building societies to raise the cost of fixed-rate mortgages or to pull deals altogether, as HSBC did during the preceding week. Higher rates also have implications for the cost of servicing the country's debts, in turn eliminating the Chancellor's already limited headroom to push through tax cuts before the elections. - The Financial Mail on Sunday
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