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.
Melrose Industries sets sights on growth as new chief takes aerospace reins March 7, 2024 Melrose Industries has pivoted to a "pure aerospace" play which will be led by their former COO
FTSE 100 close: Blue chip index ends higher as disappointing retail sales figures fail to dent JD Sports, Frasers and Burberry January 20, 2023 London’s FTSE 100 index closed the week marginally higher, clawing back some some of this year’s earlier gains following a poor performance yesterday. The capital’s premier index climbed 0.3 per cent to 7,770.59 points, while the domestically-focused mid-cap FTSE 250 index rose 0.7 per cent to close at 19,702.63. JD Sports, Frasers and Burberry were [...]
Melrose to break up Britain’s oldest engineering firm via GKN automotive spin-off September 8, 2022 Melrose Industries confirmed this a.m. plans to spin off the GKN automotive business in a move that will see Britain’s oldest engineering firm broken up. Turnaround specialist Melrose, which bought GKN in a controversial £8bn takeover in 2018, said it will demerge GKN’s automotive and the smaller powder metallurgy divisions from its aerospace arm into [...]
Melrose shares pop as firm returns to profit September 2, 2021 Shares in industrialist Melrose jumped 5.0 per cent this morning as the FTSE 100 firm returned to profit after the pandemic. For the first half of the year the firm company that it had made an operating profit of £223m, back in the black after an £11m loss a year ago. Revenue crept up to [...]
Engineer Melrose warns chip shortage could slow its growth May 6, 2021 Engineering firm Melrose warned that the global shortfall in semiconductors would have an impact on its growth in 2021. The FTSE 100 company said that sales over the first four months of 2021 were 8.0 per cent higher than last year, with operating margins having recovered quicker than expected. But, the GKN owner cautioned that [...]
Melrose Industries to sell Nortek air conditioning unit for £2.62bn April 19, 2021 Melrose Industries said on Monday it has agreed to sell its Nortek Air Management business for £2.62bn and will distribute a portion of the funds to shareholders. The British engineering firm said it plans to use part of the proceeds, which will come from Chicago-based buyer Madison Industries, to cut debt. It added that the [...]
FTSE 100 jumps on post-lockdown hopes but Wall Street flat April 6, 2021 London’s FTSE 100 climbed by 1.4 per cent today as prospects of a planned re-emergence from lockdown next week boosted shares. The capital’s premier index currently stands at 6,840, its highest levels since 11 January. Across the Atlantic, however, the mood was more subdued, with Wall Street’s main markets flat at the open this afternoon. [...]
GKN owner Melrose starts unit sale as annual profit plummets March 4, 2021 Melrose Industries said on Thursday it had begun processing the sale of its Nortek air-conditioning division as the company posted a steep fall in annual profit. The company, which owns jet and car parts supplier GKN, said Nortek is trading “very strongly” and that there was no guarantee a sale would take place. Melrose’s adjusted [...]