|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.5140 - 2.5140|
|52 Week Range||1.9000 - 3.2500|
|Beta (3Y Monthly)||1.92|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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 ...
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.
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) - 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 ...
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.
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 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 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.
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...
Pay packages for the bosses of Britain’s 100 biggest listed firms rose 23 percent over the past year, fuelled by payouts for the CEOs of house builder Persimmon and industrial firm Melrose Industries, a survey showed on Wednesday. Excessive corporate pay has attracted public anger since the financial crisis and Prime Minister Theresa May has denounced the gap between the amounts paid to bosses and average workers as irrational and unhealthy. The survey by the Chartered Institute of Personnel and Development (CIPD) and the High Pay Centre thinktank showed the average income for chief executives of companies in the FTSE 100 share index was 5.7 million pounds ($7.25 million) in their financial year ending in 2017, up 23 percent from the previous year.
Online consignment brand The RealReal is opening its second permanent store. The shop's doors will open later this week on Melrose Ave. in Los Angeles. More e-commerce brands are growing their brick-and-mortar footprint, as resellers like The RealReal are increasingly attracting new customers.
British turnaround firm Melrose (MRON.L) is considering a series of sales of GKN businesses after clinching an 8 billion pound ($10.5 billion) hostile takeover of the aerospace and automotive parts supplier earlier this year, sources familiar with the matter told Reuters. GKN's new owner has hired Rothschild and Jefferies to manage a disposal of the engineer's powder metallurgy division and is separately weighing options for its off-highway powertrain unit and wheels business, the sources said. The powder metallurgy business, which manufactures components from powdered metal, is the biggest of the three businesses and could fetch around two billion pounds, which would represent about 10 times its core earnings, according to the sources.
Melrose Industries PLC’s (LON:MRO): Melrose Industries PLC, together with its subsidiaries, designs and manufactures electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors in theRead More...