Melrose Share News (MRO)

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.

LONDON BRIEFING: Restaurant Group sells Frankie & Benny's and Chiquito

(Alliance News) - Stocks in London are called higher on Monday, ahead of a busy week of interest rate decisions and economic data.

LONDON MARKET CLOSE: Stocks end higher on hopes of interest rate peak

(Alliance News) - Stocks in London closed in the green on Friday, with markets riding high on the hopes that interest rates in the UK may soon hit their peak.

LONDON MARKET MIDDAY: Stocks mixed amid bleak UK labour report

(Alliance News) - Stock prices in London were mixed at midday on Friday, after a report from KPMG/REC on the UK labour market painted a grim picture.

LONDON MARKET CLOSE: FTSE 100 outperforms on bets of peak in UK rates

(Alliance News) - The FTSE 100 ended in the green on Thursday, after a weak start to the day, as the narrative around the future of UK interest rates shifted following dovish words from central bank chief Andrew Bailey.

London close: Stocks mixed as weaker pound lifts FTSE 100

(Sharecast News) - London's stock market presented a mixed close on Thursday, with the bourse's top-flight index ending in positive territory, buoyed by a weakening pound.

UK dividends calendar - next 7 days

LONDON MARKET MIDDAY: FTSE 100 up, pound down as Bailey hints at peak

(Alliance News) - Stock prices in London were mixed at midday, with the FTSE 100 bouncing back after an initial decline on Thursday morning as investors took heart from dovish comments from Bank of England Governor Andrew Bailey.

TOP NEWS: Melrose Industries upgrades guidance on higher revenue

(Alliance News) - Melrose Industries PLC shares jumped on Thursday, after it upgraded it full-year guidance on the back of some strong interim results.