Melrose says changes at GKN having positive effect
7th Mar 2019 07:14
(Sharecast News) - Melrose Industries said its results for 2018 are ahead of the board's and analysts' expectations, eight months after acquiring engineer GKN.
Read moreMelrose sells off two GKN assets
6th Mar 2019 07:27
(Sharecast News) - Melrose Industries expects to bring in £200m after agreeing the sale of a pair of assets acquired as part of the GKN deal.
Read moreMelrose Industries eyes sale of GKN Wheels
4th Mar 2019 10:22
(Sharecast News) - Melrose Industries is making a renewed effort to offload another part of its GKN acuisition, it was reported over the weekend.
Read moreFTSE 100 movers: Morrisons slumps; Melrose boosted by broker note
8th Jan 2019 15:10
(Sharecast News) - London's FTSE 100 was up 1.1% to 6,882.80 in afternoon trade on Tuesday, buoyed by optimism over Sino-US trade talks.
Read moreMelrose hit by reports of disappointing bids for GKN unit
26th Nov 2018 08:21
(Sharecast News) - Shares in Melrose Industries fell on Monday after the group received disappointing levels of interest from potential buyers of GKN's powder metallurgy business.
Read moreRBC backs UK engineering, dismisses downturn concerns
20th Nov 2018 13:34
(Sharecast News) - Fears that the British engineering sector is facing a significant downturn have been overplayed, according to analysts at RBC Capital Markets, leaving a number of companies undervalued.
Read moreThursday broker round-up
18th Oct 2018 11:54
(Sharecast News) - Mediclinic: Barclays downgrades to equal weight with a target price of 460p.
Read moreMelrose poaches Delphi's Butterworth to lead automotive arm
8th Oct 2018 15:31
(Sharecast News) - Melrose Industries has poached Liam Butterworth from US automotive supplier Delphi Technologies to head up its automotive division.
Read moreMelrose happy to find 'no black holes' in GKN business
6th Sep 2018 07:22
(Sharecast News) - Melrose Industries said it has found "no black holes" in the GKN business and progress since its £8bn hostile takeover was completed has been in line with the board's expectations.
Read moreMelrose Industries plotting sale of OHP unit for £350.0m, report says
5th Sep 2018 13:48
(Sharecast News) - Melrose Industries has hired bankers to conduct a beauty contest between potential bidders for GKN's Off-Highway Powertrain division.
Read moreMelrose in talks to transfer one of GKN's pension schemes
31st Aug 2018 18:46
(Sharecast News) - Turnaround specialist Melrose is studying offloading the smaller of engineer GKN's two retirement schemes, with liabilities of close to £500.0m, to an insurer.
Read moreShareholder rebellions surge as FTSE 100 pay disputes double
28th Aug 2018 10:12
(Sharecast News) - Shareholder rebellions jumped by a quarter at 2018 annual general meetings as protests about pay at FTSE 100 companies doubled.
Read moreSunday newspaper round-up: No-deal Brexit, UK banks, Melrose, GVC
27th Aug 2018 18:12
(Sharecast News) - Theresa May is to hold a cabinet crisis summit to prepare for a no-deal Brexit amid fears that a cabinet row between remainers and Brexiteers will stop Britain going it alone, and undermine her negotiating position with Brussels.
Read moreTuesday broker round-up
14th Feb 2017 09:07
(ShareCast News) - Antofagasta: Bank of America Merill Lynch upgrades to Buy with a target price of 1050p. Reckitt Benckiser: Berenberg reiterates Buy with a target price of 8500p. British American Tobacco: Citigroup reiterates Buy with a target price of 5600p. Glencore: Deutsche Bank reiterates H
Read moreMerrill Lynch upgrades Spectris and Spirax, prefers Smiths Group
11th Jan 2017 11:40
(ShareCast News) - Engineering shares were boosted by a note from Bank of America Merill Lynch that upgraded Spectris and Spirax-Sarco Engineering but said Smiths Group was its preferred UK name in a sector where investors are looking to rotate towards cyclical stocks. While positive data indicators
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