MRO.L - Melrose Industries PLC

LSE - LSE Delayed Price. Currency in GBp
215.20
-4.80 (-2.18%)
As of 3:42PM BST. Market open.
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Previous Close220.00
Open221.90
Bid215.20 x 183600
Ask215.30 x 149100
Day's Range212.70 - 221.90
52 Week Range194.70 - 261.70
Volume20,287,617
Avg. Volume26,899,219
Market Cap4.177B
Beta1.26
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.04 (1.98%)
Ex-Dividend DateN/A
1y Target EstN/A
  • Reutersyesterday

    British government gives Melrose takeover of GKN the green light

    Britain's business minister said there were no national security grounds to intervene in turnaround specialist Melrose's takeover of UK engineering company GKN, giving the deal the green light from government. Melrose clinched an 8 billion-pound ($11 billion) takeover of GKN in March in a deal which the government said it needed to examine for any public interest concerns. During the three-month battle for GKN, lawmakers had raised concerns that Melrose could in the future sell GKN's aerospace business, which is involved in defence programmes, to an overseas buyer.

  • Financial Timesyesterday

    [$$] Opening Quote: LSE - performance over drama; Melrose - ‘I told you so’

    London Stock Exchange’s annual general meeting will kick off in two-and-a-half hours’ time just a few hundred yards from the back door of the Financial Times, at the Hilton London Bankside, behind Shakespeare’s Globe Theatre on Bear Lane. Sir Christopher Hohn, the activist shareholder who last year tried to eject charman Donald Brydon and reinstate departed chief executive Xavier Rolet, is now going to support the exchange’s choice of a new boss. According to Sky News’s well-informed Mark Kleinman, Sir Christopher has told investors in his fund that he welcomes the announcement of Goldman Sachs banker David Schwimmer as LSE's next CEO.

  • Financial Timesyesterday

    [$$] Melrose ‘still confident’ in GKN prospects after drab quarter

    Engineering group GKN had a tough run in the weeks leading up to the conclusion of its takeover by Melrose, but the turnround group said its expectations for the company are undimmed. The results for GKN for the three months to the end of March, before Melrose took control, lend some weight to that analysis.

  • Financial Timesyesterday

    [$$] Clark clears Melrose Industries’ £8bn GKN takeover

    It had also pledged to secure protections for the UK on intellectual property and on capability from purchasers. will meet ministers every six months to update the government on its ownership of GKN, one of the UK’s oldest engineering companies and a leading supplier to the automotive and aerospace industries.

  • Is It The Right Time To Buy Melrose Industries PLC (LON:MRO)?
    Simply Wall St.6 days ago

    Is It The Right Time To Buy Melrose Industries PLC (LON:MRO)?

    Melrose Industries PLC (LSE:MRO), a electrical company based in United Kingdom, saw a double-digit share price rise of over 10% in the past couple of months on the LSE. AsRead More...

  • Financial Times6 days ago

    [$$] UK government to wave through GKN takeover

    The UK government is set to wave through Melrose Industries’ contentious £8bn acquisition of engineering company GKN as early as next week after concluding it raised no national security concerns. Although ...

  • Financial Times7 days ago

    [$$] CBI questions role of speculators in takeover battles

    The head of Britain’s big business lobby group has questioned whether short-term shareholders should have a say in takeover battles, after Melrose ’s successful bid for engineering company GKN . Carolyn ...

  • Is Melrose Industries PLC (LON:MRO) A Financially Strong Company?
    Simply Wall St.13 days ago

    Is Melrose Industries PLC (LON:MRO) A Financially Strong Company?

    Stocks with market capitalization between $2B and $10B, such as Melrose Industries PLC (LSE:MRO) with a size of UK£4.10B, do not attract as much attention from the investing community asRead More...

  • If Investors Weren't So Supine, Who'd Need Hostile Bids?
    Bloomberg14 days ago

    If Investors Weren't So Supine, Who'd Need Hostile Bids?

    The political row over GKN's takeover distracts from a deeper malaise.

  • Bloomberg20 days ago

    Seven Reasons a Melrose Takeover of GKN Is Likely to Pass Muster

    Melrose Industries Plc faces a final hurdle in its hostile takeover of defense contractor GKN Plc -- getting the nod from the U.K. government. Seven past precedents suggest it will.

  • Moody's21 days ago

    GKN Holdings plc -- Moody's places GKN's Baa3 ratings on review for downgrade

    Moody's Investors Service, ("Moody's") has today placed the Baa3/(P)Baa3 senior unsecured debt and programme ratings of GKN Holdings plc, the finance, investment and holding company of GKN Plc ...

  • Reuters22 days ago

    UK Stocks-Factors to watch on April 3

    (Adds company news items and futures) April 3 (Reuters) - Britain's FTSE 100 index is seen opening 46 points lower at 7,011 on Tuesday, according to financial bookmakers, with futures down 1.15 percent ...

  • Another Corporate Headache Lands on Theresa May’s Lap
    Bloomberg22 days ago

    Another Corporate Headache Lands on Theresa May’s Lap

    Yet another corporate headache has landed on U.K. Prime Minister Theresa May’s lap in the shape of Melrose Industries Plc’s hostile 8.1 billion pound ($11.4 billion) takeover of government contractor GKN ...

  • Melrose’s Success in GKN Takeover May Lie With U.K. Defense Boss
    Bloomberg24 days ago

    Melrose’s Success in GKN Takeover May Lie With U.K. Defense Boss

    The success -- or not -- of Melrose Industries Plc’s hostile takeover of government contractor GKN Plc may be in the hands of U.K. Defense Secretary Gavin Williamson.

  • Melrose Hostile GKN Takeover Sparks U.K. Government Interest
    Bloomberg25 days ago

    Melrose Hostile GKN Takeover Sparks U.K. Government Interest

    The U.K. ministers for defense and business may take steps over Melrose Industries Plc’s hostile takeover of government contractor GKN Plc for any risks the deal may pose to national security, media reports ...

  • The Wall Street Journal26 days ago

    [$$] Melrose Industries Wins Bruising Takeover Battle for Britain’s GKN

    British turnaround specialist Melrose Industries won a bruising takeover battle for plane and car parts maker GKN, effectively killing a $6.1 billion deal by Ohio-based auto parts supplier Dana to combine ...

  • The Wall Street Journal26 days ago

    [$$] Britain’s Monetary ‘Stimulus’ Has Fed the Pension Crisis

    Ultralow interest rates widen the gap between assets and liabilities as expected returns plummet.