Melrose Industries trading in line

Engineering buyout specialist Melrose Industries yesterday said that trading is in line with full-year expectations and that its order intake this year to date is up three per cent over the same period last year. The FTSE 100 firm said it is confident of meeting expectations for the full year, with the order book suggesting a larger weighting towards the second half of the year. It said the board is still on the look-out for a “suitable and value enhancing acquisition”.