Dowlais off to 'encouraging' start to the year
23rd May 2023 07:21
(Sharecast News) - Dowlais Group reiterated it was on track to meet full-year expectations on Tuesday, after getting off to an "encouraging" start.
Read moreMelrose Industries upgrades expectations for 2025
17th May 2023 13:10
(Sharecast News) - Melrose Industries shot higher on Wednesday after saying that new guidance for 2025 adjusted operating margin "materially" exceeds previous expectations.
Read moreMelrose trading 'materially ahead' of expectations
10th May 2023 07:49
(Sharecast News) - Melrose Industries said on Wednesday that it was trading "materially ahead" of expectations, with significant growth in revenue, profit and margin, as it issued new guidance for the full year.
Read moreCiti resumes coverage of Melrose with a 'buy'
24th Apr 2023 13:15
(Sharecast News) - Citi has resumed coverage of Melrose Industries with a 'buy' rating, in a note published on Monday.
Read moreSunday newspaper round-up: SVB, Melrose, Tesco
12th Mar 2023 18:11
(Sharecast News) - Silicon Valley Bank's demise does not pose a systemic risk to the UK's financial services sector, Rishi Sunak said on Sunday, even as he committed himself to finding a way to keep hundreds of UK tech outfits from going bust. The US lender was believed to have "several thousand" business customers in the UK, many of which relied on their deposits at SVB to pay staff and suppliers. Ministers' concern was that many of those businesses might go under lest some sort of bail out could be thrashed out, inflicting serious harm on the country's technology sector. The Prime Minister added that the Treasury was working at pace to find a solution that would provide operational liquidity for people's cash flow needs. - The Sunday Times
Read moreBofA Merrill Lynch upgrades Melrose to 'buy'
7th Mar 2023 13:26
(Sharecast News) - Bank of America Merrill Lynch upgraded Melrose on Tuesday to 'buy' from 'neutral' and lifted the price target to 181p from 160p.
Read moreMelrose FY profits soar, sees stronger aerospace earnings in 2023
2nd Mar 2023 07:56
(Sharecast News) - UK defence and commercial engineer Melrose Industries said 2022 profits came in higher than expected and forecast a significantly stronger performance from its aerospace unit this year.
Read moreMelrose spin-off unit reports FY ahead of forecasts
19th Jan 2023 08:16
(Sharecast News) - Melrose Industries said its soon to be demerged automotive, powder metallurgy and hydrogen businesses reported better-than-expected profits and revenue last year.
Read moreMelrose Industries trading in line with FY expectations
15th Nov 2022 07:53
(Sharecast News) - Melrose Industries said on Tuesday that it was trading in line with expectations for the year, with momentum in the aerospace division improving.
Read moreMelrose Industries to demerge GKN automotive business
8th Sep 2022 07:47
(Sharecast News) - Turnaround specialist Melrose Industries said on Thursday that it plans to demerge its GKN Automotive and GKN Powder Metallurgy businesses and list the new holding company.
Read moreCiti and RBC upbeat on Melrose after fresh guidance for aerospace
8th Jun 2022 14:33
(Sharecast News) - Analysts at Citi reiterated their 'buy' recommendation for shares of Melrose on the back of the company's update guidance ahead of its Aerospace Capital Markets Day.
Read moreMelrose sells Ergotron unit for $650m
6th Jun 2022 07:03
(Sharecast News) - Melrose Industries said it had sold its Ergotron business to funds managed by The Sterling Group for ly $650m (£520m) in cash.
Read moreMelrose Industries' aerospace unit delivers continued growth
5th May 2022 07:38
(Sharecast News) - Investment group Melrose Industries said on Thursday that recent trading has been in line with full-year expectations, with its aerospace division experiencing continued growth.
Read moreMelrose shelves shareholder payout because of Ukraine war
3rd Mar 2022 07:48
(Sharecast News) - Melrose Industries has shelved a planned payout to shareholders because of concerns caused by Russia's invasion of Ukraine.
Read moreMelrose says cancellations hitting auto unit due to chip shortage
5th Oct 2021 07:03
(Sharecast News) - Aerospace and motoring engineer Melrose said it expected the global shortage of semi-conductors to hit its automotive division after a sharp rise in customer cancellations in the first quarter.
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