Melrose Share News (MRO)

Melrose Industries to demerge GKN automotive business

(Sharecast News) - Turnaround specialist Melrose Industries said on Thursday that it plans to demerge its GKN Automotive and GKN Powder Metallurgy businesses and list the new holding company.

LONDON BRIEFING: Melrose plans GKN demerger amid higher interim profit

(Alliance News) - Stocks in London were called higher on Thursday ahead of a European Central Bank interest rate decision later in the day, with analysts expecting a significant hike.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: Citi likes Haleon, resumes GSK at 'neutral'

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

LONDON BROKER RATINGS: Jefferies ups NatWest, Smurfit Kappa to 'buy'

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

LONDON MARKET OPEN: Momentum lost as recession worries resurface

(Alliance News) - London shares snapped a two-day winning streak early Wednesday, as investors grew once again cautious over central bank tightening and recession risks, ahead of remarks from the head of the US central bank.

LONDON BRIEFING: UK extends NatWest share sale, as stake down to 48%

(Alliance News) - The UK government will continue to sell down its stake in lender NatWest, extending the trading plan unveiled last July for another year, the Treasury said on Wednesday.

LONDON MARKET CLOSE: Sell-off as ECB joins hawkish central bank chorus

(Alliance News) - Stocks in Europe extended losses on Thursday after the European Central Bank hinted that half-point interest rate hikes may be on the table, making it the latest central bank prepared to act aggressively to tame rampant inflation.

LONDON MARKET MIDDAY: ECB to chart course for interest rate 'lift-off'

(Alliance News) - Stock prices in London were lower at midday on Thursday, ahead of a policy announcement by the European Central Bank in which the Frankfurt-based institution is expected to lay the groundwork for policy tightening.

LONDON MARKET CLOSE: Oil, Melrose and Aveva help cap FTSE 100's losses

(Alliance News) - Lowered economic growth forecasts from the OECD damped the mood on Wednesday, but the FTSE 100 was one again spared severe losses due to oil majors BP and Shell.

Citi and RBC upbeat on Melrose after fresh guidance for aerospace

(Sharecast News) - Analysts at Citi reiterated their 'buy' recommendation for shares of Melrose on the back of the company's update guidance ahead of its Aerospace Capital Markets Day.

LONDON MARKET MIDDAY: FTSE 100 down as US CPI print edges closer

(Alliance News) - Stock prices in London were mostly lower at midday on Wednesday as investors continued to fret about inflation and slowing economic growth, as central banks around the world scramble to keep a lid on rising prices.

TOP NEWS: Melrose unveils delayed GBP500 million after latest disposal

(Alliance News) - Melrose Industries PLC on Wednesday said it will launch a GBP500 million buyback after earlier this week announcing the sale of the final asset belonging to 2016 acquisition Nortek Inc.

LONDON MARKET OPEN: Melrose rises on GBP500 million share buyback

(Alliance News) - Stock prices in London opened mostly lower on Wednesday, while Melrose Industries bucked the down trend by announcing a substantial cash return to shareholders.

LONDON MARKET CLOSE: FTSE 100 rallies 1%; pound up ahead of UK PM vote

(Alliance News) - Equities in London had a buoyant start to the week after a four-day break, with oil majors and miners leading the gainers amid optimism over easing Covid rules in China.