Melrose ‘confident’ in profit growth despite tariff hit Transport and infrastructure Melrose said it has charted a course to “successfully mitigate” its direct exposure to US tariffs and was confident in delivering profit growth in 2025. The owner of GKN Aerospace said on Wednesday it had explored a number of measures to reduce the impact on segments of the group unable to make use of any [...]
Melrose shares tumble as five-year targets fail to wow investors Business Shares in Melrose Industries tumbled more than 13 per cent on Thursday after a new set of five-year targets failed to chime with investors. GKN Aerospace’s owner is targeting £1.2bn in adjusted operating profit and around £5bn in revenue by 2029. It is also looking to secure annual earnings per share growth of more than [...]
GKN owner Dowlais faces merger from US competitor Business GKN Automotive owner Dowlais Group has become the latest London-listed firm to receive a merger offer from a US competitor. In a stock exchange announcement, Dowlais said that Michigan-based American Axle & Manufacturing Holdings had offered £1.16bn for the firm. The merger offer represents a 25 per cent premium on Dowlais’ closing price last night and [...]
GKN Aerospace owner Melrose holds outlook despite supply chain challenges November 18, 2024 Aerospace firms have struggled with supply chain issues throughout the post-Covid era. Shares in Melrose are down over 12 per cent this year.
Melrose shares plunge amid supply chain challenges August 1, 2024 The London-listed firm, which owns GKN Aerospace, revised down its revenue guidance to £3.8bn as it grapples supply chain issues.
Melrose founders eye FTSE 100 spot for new listed buyout vehicle July 9, 2024 A slew of blue-chip investors are backing a new listed private equity vehicle from the founders of Melrose Industries that is due to float in London on Thursday.
Mark Kleinman: Melrose 2.0 may shine more than Shein June 20, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Melrose founders plot rare London fund listing June 17, 2024 Veteran dealmaker Simon Peckham is reportedly leading the launch of Rosebank Industries and has plans to raise over £40m from investors via an IPO.
Former Melrose bosses take chunk of £180m bonus scheme June 3, 2024 Three former bosses at Melrose Industries have raked in a big chunk of a £180m bonus scheme shortly after leaving the group.
Melrose co-founder eyes up London-listed firms with ‘2.0’ aerospace venture April 14, 2024 Chris Peckham believe there is a host of under-valued companies on the stock exchange.