MLSPF - Melrose Industries PLC

Other OTC - Other OTC Delayed Price. Currency in USD
1.9600
0.0000 (0.00%)
At close: 11:23AM EDT
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Previous Close1.9600
Open2.0200
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range1.9600 - 1.9600
52 Week Range1.9000 - 3.0300
Volume24,853
Avg. Volume5,332
Market Cap9.893B
Beta (3Y Monthly)2.02
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Moody's

    GKN Holdings Limited -- Moody's upgrades GKN's senior unsecured notes to Ba1, stable outlook

    Moody's Investors Service ("Moody's") has today upgraded to Ba1 from Ba2 the senior unsecured debt ratings of the British multinational automotive and aerospace components manufacturer GKN Holdings Limited (GKN), which is owned by Melrose Industries plc (Melrose). Concurrently, Moody's has withdrawn GKN's corporate family rating (CFR) of Ba1, the (P)Ba2 senior unsecured MTN programme rating and the probability of default rating (PDR) of Ba1-PD. "The upgrade of GKN's instrument ratings reflects the elimination of the structural subordination of the instruments due to the parental guarantees provided by Melrose." says Matthias Heck, a Moody's Vice President -- Senior Credit Officer and Lead Analyst for GKN.

  • Reuters

    PRESS DIGEST- Financial Times - April 4

    The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Melrose Industries to invest more than £250m in electric ...

  • Reuters

    Weak results, financials, ex-dividend trading drag FTSE 100 lower

    NMC Health and insurers Aviva and Admiral all slipped after earnings reports. The FTSE 100 was down 0.5 percent, while the FTSE 250 gave up 0.9 percent and was on track for its worst week in more than two months.

  • Reuters

    GKN deal boosts Melrose's profit, eases economy worries

    The company narrowly clinched an 8 billion-pound takeover of GKN in March last year, pulling off Britain's biggest hostile bid since Kraft pounced on confectionery giant Cadbury in 2009. The company reported adjusted operating profit excluding GKN's loss-making contracts of 784 million pounds for last year, 5 percent ahead of JP Morgan estimates. "The beat (was) despite the market's concern on the end market development, notably in automotive, and speaks to the impact management actions are already having at GKN," said JP Morgan analysts, who have an "overweight" rating on the stock.

  • Reuters

    Melrose to sell Walterscheid Powertrain Group for 200 million pounds

    (Reuters) - Turnaround specialist Melrose Industries Plc said on Wednesday it plans to sell its off-highway powertrain applications business Walterscheid Powertrain Group to private equity firm One Equity ...

  • Melrose starts GKN break-up with launch of powder metallurgy sale - sources
    Reuters

    Melrose starts GKN break-up with launch of powder metallurgy sale - sources

    Turnaround specialist Melrose (MRON.L) has fired the starting gun on a break-up of Britain's 250-year old GKN by launching a sale of the engineer's powder metallurgy business which could fetch around 1.5 billion pounds ($1.96 billion). UK-based Melrose's banks have started to send out confidential information about the division to prospective buyers ahead of an auction process for the unit, two people with knowledge of the matter told Reuters. The GKN business makes automotive and industrial components from powdered metal and is expected to attract interest from private equity firms.

  • Simply Wall St.

    What Investors Should Know About Melrose Industries PLC’s (LON:MRO) Financial Strength

    Investors pursuing a solid, dependable stock investment can often be led to Melrose Industries PLC (LON:MRO), a large-cap worth UK£8.5b. One reason being its ‘too big to fail’ aura which Read More...

  • Moody's

    GKN Holdings Limited -- Moody's downgrades GKN's senior unsecured ratings to Ba2 from Ba1; GKN's CFR confirmed at Ba1; outlook stable

    Moody's Investors Service has today downgraded to Ba2/(P)Ba2 from Ba1/(P)Ba1 the senior unsecured debt and programme ratings of GKN Holdings Ltd (GKN; previously GKN Holdings plc), the finance, investment ...

  • Reuters

    Melrose moves ahead with GKN revamp, no asset sales yet

    Reuters reported in July that Melrose was likely to auction off GKN's power metallurgy business in a sale this month that would attract interest from private equity firms. Sources also said then that GKN's new owner was weighing options for its off-highway powertrain unit and wheels business. Melrose promised in June to give guidance on its future plans for GKN in its first-half results.

  • Who Really Owns Melrose Industries PLC (LON:MRO)?
    Simply Wall St.

    Who Really Owns Melrose Industries PLC (LON:MRO)?

    Today, I will be analyzing Melrose Industries PLC’s (LON:MRO) recent ownership structure, an important but not-so-popular subject among individual investors. Ownership structure has been found to have an impact onRead More...