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Melrose Industries PLC (MRON.L)

MRON.L on London Stock Exchange

169.15GBp
9:05pm IST
Change (% chg)

2.40 (+1.44%)
Prev Close
166.75
Open
168.05
Day's High
170.10
Day's Low
167.35
Volume
12,514,743
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12,459,314
52-wk High
247.00
52-wk Low
145.94

Latest Key Developments (Source: Significant Developments)

Melrose Aims To Double Shareholders Equity In 3 To 5 Years
Wednesday, 3 Apr 2019 

April 3 (Reuters) - Melrose Industries PLC ::MELROSE- AIM TO DOUBLE SHAREHOLDERS EQUITY IN 3 TO 5 YEARS- PRESENTATION.MELROSE- CONFIDENT OF DELIVERING SIGNIFICANTLY IMPROVED MARGIN PERFORMANCE. MARGIN IMPROVEMENT ONLY REQUIRES LIMITED SALES GROWTH- PRESENTATION.MELROSE- "GKN AEROSPACE AND AUTOMOTIVE ARE ATTRACTIVE, WELL POSITIONED BUSINESSES" - PRESENTATION.  Full Article

Melrose Sets Medium Term Operating Margin Targets For Aerospace, Automotive Divisions
Wednesday, 3 Apr 2019 

April 3 (Reuters) - Melrose Industries PLC ::MELROSE INDUSTRIES PLC - MEDIUM TERM OPERATING MARGIN TARGETS FOR AEROSPACE AND AUTOMOTIVE DIVISIONS OF 12% AND 10% RESPECTIVELY.  Full Article

Wabco Appoints New Chief Financial Officer
Tuesday, 2 Apr 2019 

April 2 (Reuters) - Wabco Holdings Inc ::WABCO APPOINTS NEW CHIEF FINANCIAL OFFICER.SAYS SEAN DEASON APPOINTED CFO.DEASON REPLACES ROBERTO FIORONI.WABCO HOLDINGS - FIORONI TENDERED HIS RESIGNATION AFTER ACCEPTING A ROLE OUTSIDE WABCO WITH GKN AUTOMOTIVE.  Full Article

Melrose To Sell Walterscheid Powertrain Group For 200 Mln Stg
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Melrose Industries PLC ::SUNDRY DISPOSALS.HAS AGREED TO SELL WALTERSCHEID POWERTRAIN GROUP.COMBINED NET PROCEEDS OF SALES ARE APPROXIMATELY £200 MILLION.SALE OF WALTERSCHEID IS SUBJECT TO CUSTOMARY REGULATORY CONDITIONS AND IS EXPECTED TO COMPLETE IN FIRST HALF OF THIS YEAR.UNIT, FOKKER AEROSPACE B.V, COMPLETED SALE OF ITS MINORITY 43.57% INTEREST IN SOCIÉTÉ ANONYME BELGE DE CONSTRUCTIONS AÉRONAUTIQUES.  Full Article

Melrose Industries Says Trading in Line With 2018 Expectations
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Melrose Industries PLC ::MELROSE INDUSTRIES - TRADING STATEMENT.MELROSE INDUSTRIES PLC - MELROSE IS TRADING IN LINE WITH BOARD'S EXPECTATIONS FOR 2018..MELROSE INDUSTRIES PLC - MELROSE IS TRADING IN LINE WITH BOARD'S EXPECTATIONS FOR 2018..MELROSE INDUSTRIES PLC - CONFIDENT GKN BUSINESSES OFFER AN OUTSTANDING OPPORTUNITY FOR VALUE CREATION OVER MEDIUM TERM..MELROSE INDUSTRIES PLC - NET DEBT AND CASH GENERATION ARE IN LINE WITH BOARD'S EXPECTATIONS..  Full Article

Melrose In Talks About Offloading 500 Million Pounds GKN Pension Scheme - Sky News
Friday, 31 Aug 2018 

Aug 31 (Reuters) - :MELROSE IN TALKS ABOUT OFFLOADING 500 MILLION POUNDS GKN PENSION SCHEME - SKY NEWS.MELROSE IS TALKING TO INSURERS INCLUDING AVIVA AND SCOTTISH WIDOWS ABOUT TAKING ON ONE OF GKN'S PENSION SCHEMES - SKY NEWS.  Full Article

Melrose says that U.S. authority CFIUS clears its takeover of GKN
Monday, 25 Jun 2018 

June 25 (Reuters) - Melrose Industries PLC ::MELROSE ANNOUNCES THAT CLEARANCE FROM COMMITTEE ON FOREIGN INVESTMENT IN UNITED STATES ("CFIUS") IN RESPECT OF ITS OFFER FOR GKN HAS BEEN OBTAINED.CFIUS HAS CONCLUDED ITS REVIEW AND HAS DETERMINED THAT, BASED ON ITS INVESTIGATION, THERE ARE NO UNRESOLVED NATIONAL SECURITY CONCERNS..  Full Article

GKN quarterly sales drop 0.5 pct to 2.6 bln stg-Melrose
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Melrose Industries PLC ::GKN <<>> QUARTERLY SALES 2.599 BILLION STG VERSUS 2.611 BILLION STG YEAR AGO.TRADING UPDATE FOR GKN PRIOR TO MELROSE OWNERSHIP.GKN GROUP SALES IN PERIOD WERE £2,599 MILLION (2017: £2,611 MILLION).GROUP OPERATING PROFIT WAS £181.5 MILLION (2017: £215.1 MILLION).GROUP OPERATING PROFIT MARGIN WAS 7.0% (2017: 8.2%).GKN PLC PERFORMANCE IN PERIOD BEFORE MELROSE OWNERSHIP SHOWED TRENDS BELOW CURRENT MARKET EXPECTATIONS FOR GKN FOR PROFIT AND CASH GENERATION.WHILE THIS GIVES MELROSE A LOWER STARTING POINT FOR GKN THAN CURRENT MARKET CONSENSUS OPINION, MELROSE ALLOWED FOR FURTHER UNDERPERFORMANCE BY GKN PRIOR TO ITS OWNERSHIP.REMAINS CONFIDENT IT WILL BE ABLE TO DELIVER ON ALL STATEMENTS IT MADE DURING OFFER PERIOD OVER MEDIUM TERM.  Full Article

Melrose Says Offer For Gkn Unconditional In All Respects
Thursday, 19 Apr 2018 

April 19 (Reuters) - Melrose Industries Plc ::OFFER FOR GKN UNCONDITIONAL IN ALL RESPECTS.MELROSE'S OFFER FOR GKN HAS BECOME UNCONDITIONAL IN ALL RESPECTS.ALL MEMBERS OF BOARD OF GKN HAVE RESIGNED FROM BOARD OF GKN PLC AS OF APRIL 19.  Full Article

Melrose Says Received Valid Acceptances Representing About 84.97 Pct Of GKN Voting Rights
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Melrose Industries PLC ::MELROSE INDUSTRIES - UPDATE RE MELROSE OFFER FOR GKN.MELROSE INDUSTRIES PLC - MELROSE HAD RECEIVED VALID ACCEPTANCES REPRESENTING APPROXIMATELY 84.97 PER CENT.MELROSE - AS AT 12.00 P.M. RECEIVED VALID ACCEPTANCES OF ITS OFFER IN RESPECT OF 1.46 BILLION GKN SHARES, REPRESENTING ABOUT 84.97% OF VOTING RIGHTS OF GKN.  Full Article

PRESS DIGEST- Financial Times - April 4

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.