Melrose Share News (MRO)

LONDON MARKET MIDDAY: European markets uneasy but FTSE 100 outperforms

(Alliance News) - London's FTSE 100 higher was higher around midday, though it was defensive stocks such as utilities and pharmaceuticals which led the charge, suggesting there is still lingering discomfort in markets amid tensions in the Middle East.

Melrose Industries expects great things from "strong" Engines business

(Alliance News) - Melrose Industries PLC on Tuesday said its Engines business continues to outperform guidance, adding to the group's confidence in meeting its 2025 targets.

Melrose boosts full-year guidance for margins

(Sharecast News) - Aerospace outfit Melrose upgraded its full-year guidance thanks to the continued "strong" aftermarket demand in its Engines business.

UK dividends calendar - next 7 days

LONDON BROKER RATINGS: Stifel says hold S&N; JPM neutral on Deliveroo

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

Windar chair steps down with immediate effect, names successor

(Alliance News) - Windar Photonics PLC on Friday said Chair Johan Blach Petersen stepped down with immediate effect, although he will continue to serve as a non-executive director.

Melrose Industries starts GBP500 million share buyback programme

(Alliance News) - Melrose Industries PLC on Monday said it started a GBP500 million share buyback programme.

LONDON BROKER RATINGS: Goldman Sachs cuts WPP; Shore raises LandSec

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

TOP NEWS: Dowlais reduces loss but warns of strikes against car makers

(Alliance News) - Dowlais Group PLC on Tuesday released figures showing its loss halved in the first half of 2023 amid rising revenue, though it cautioned that auto worker strikes in the US could hurt full-year results.

Melrose Industries says hit to GKN from engine parts issue spread out

(Alliance News) - Melrose Industries PLC on Tuesday said the financial hit to subsidiary GKN Aerospace from an engine parts fault will be about GBP200 million, but this will be spread over the next three years.

Melrose confident it can weather GTF engine fleet issues

(Sharecast News) - Melrose Industries offered clarification on Tuesday, over a recent update from RTX on the Pratt & Whitney GTF fleet.

LONDON MARKET CLOSE: FTSE 100 ends higher thanks to mining stock rally

(Alliance News) - The FTSE 100 ended in the green on Monday, lifted by a rally among mining stocks after data over the weekend provided some positive news for China's troubled economy.

Broker tips: Ashmore, Melrose Industries, Babcock

(Sharecast News) - Shares of emerging markets investment manager Ashmore have tanked since the start of the year but still don't represent a buying opportunity, according to Citi, which maintained its 'sell' rating on the stock on Monday.

LONDON BROKER RATINGS: RBC cuts Melrose Industries to 'sector perform'

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

Melrose Industries valuation 'up with events', says RBC Capital

(Sharecast News) - RBC Capital Markets downgraded Melrose Industries on Monday to 'sector perform' from 'outperform' as it argued the valuation was "up with events", but lifted the price target to 540p from 525p.