Melrose Share News (MRO)

LONDON MARKET CLOSE: FTSE 100 snaps seven day losing streak

(Alliance News) - Stocks in London were higher at the close on Tuesday as markets celebrated better-than-expected public sector borrowing figures in the UK, and hoped that Chancellor Jeremy Hunt may have enough firepower in government coffers to enact some pre-election tax cuts.

Melrose CEO Simon Peckham sells 2m shares

(Sharecast News) - Melrose Industries slumped on Thursday after chief executive officer Simon Peckham sold 2m shares in the company - half his shareholding - at 524.5p "as a result of a change in personal circumstances".

IN BRIEF: Melrose Industries CEO Peckham sells half of shareholding

Melrose Industries PLC - Birmingham, England-based aerospace firm - Chief Executive Officer Simon Peckham sells 2.0 million shares at average 524.52 pence, worth GBP10.5 million, on Wednesday. Melrose says the sale was "a result of a change in Mr Peckham's personal circumstances". He still holds 2.0 million shares, a 0.2% interest, and "has no current intention to sell any further shares", the company says.

Sunday newspaper round-up: Bank of England, Sturgeon, Melrose

(Sharecast News) - Experts believe that the Bank of England will have to jack up its base rate from 4.5% at present to 5.5% by the end of 2023 in order to tame stubbornly high inflation. It was that prospect that had already resulted in lenders and building societies to raise the cost of fixed-rate mortgages or to pull deals altogether, as HSBC did during the preceding week. Higher rates also have implications for the cost of servicing the country's debts, in turn eliminating the Chancellor's already limited headroom to push through tax cuts before the elections. - The Financial Mail on Sunday

LONDON BROKER RATINGS: Goldman cuts Croda to neutral; Davy likes Wise

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

LONDON MARKET OPEN: Stocks head lower amid global growth fears

(Alliance News) - Stock prices in London opened in the red on Wednesday, as concerns about interest rate hikes and a global economic slowdown damped risk appetite.

LONDON BRIEFING: UK house prices fall; Diageo CEO Ivan Menezes dies

(Alliance News) - Stocks in London are called to open flat on Wednesday, as Chinese trade data raised concerns about a global economic slowdown.

LONDON MARKET CLOSE: Stocks higher as interest rate decisions loom

(Alliance News) - Stocks in London were largely higher at the close on Tuesday, shrugging off a poor performance for oil majors in the FTSE 100 and lacklustre data for the UK's retail sector.

UK shareholder meetings calendar - next 7 days

LONDON BROKER RATINGS: RBC cuts Halfords; Berenberg likes Sabre

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Dowlais off to 'encouraging' start to the year

(Sharecast News) - Dowlais Group reiterated it was on track to meet full-year expectations on Tuesday, after getting off to an "encouraging" start.

LONDON BROKER RATINGS: Citigroup cuts Sainsbury to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

IN BRIEF: Melrose non-executive directors increase holdings

Melrose Industries PLC - Birmingham-based aerospace-focused firm - Two non-executive buy shares in a series of transactions. Non-Executive Director Charlotte Twyning buys 13,949 shares for GBP66,097 in total. Pays between GBP4.71 and GBP4.91 for the purchases, which took place in four transactions. Twyning now owns 42,896 shares in the company, a nominal stake. Further, says Non-Executive Director David Lis buys 20,000 shares in two transactions of 10,000. Pays between GBP4.82 and GBP4.85, forking out GBP96,661 in total. Now owns 169,350 shares.

LONDON MARKET CLOSE: Tepid finish as traders track debt ceiling talks

(Alliance News) - Stock prices in London ended lower in listless trade on Wednesday, with equities once again searching for catalysts amid a backdrop of US debt ceiling talks, and a stronger dollar on hawkish words from Federal Reserve central bankers.

Melrose expects Aerospace revenue to grow to GBP4 billion in 2025

(Alliance News) - Melrose Industries PLC on Wednesday provided updated guidance figures for 2025, after recently announcing it will sharpen is focus on the aerospace sector following its demerger of Dowlais Group PLC.