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MelroseInd O16021 (MRO)

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08-Jun-2022 09:06 AM

TOP NEWS: Melrose unveils delayed £500 million after latest disposal

Melrose Industries PLC on Wednesday said it will launch a £500 million buyback after earlier this week announcing the sale of the final asset belonging to 2016 acquisition Nortek Inc. Melrose shares were 7.6% higher at 152.90 pence each in
06-Jun-2022 09:01 AM

TOP NEWS: Melrose sells last Nortek asset with $650 million deal

Melrose Industries PLC on Monday said it has agreed a $650 million deal to sell the final asset belonging to 2016 acquisition Nortek Inc. Melrose shares were 3.8% higher at 138.45 pence each in London on Monday morning, one of the best bl
05-May-2022 09:33 AM

TOP NEWS: Melrose posts return to growth in Aerospace division

Melrose Industries PLC on Thursday recorded a return to growth in its Aerospace division at the start of 2022 but noted that its Automotive and Powder Metallurgy arms are lagging behind, on supply chain issues. Melrose is a London-based turnar
03-Mar-2022 02:32 PM

TOP NEWS: Melrose Industries raises annual dividend as loss narrows

Melrose Industries PLC said on Thursday it had narrowed its loss in 2021, but faced headwinds from semiconductor shortages and Covid disruption. Melrose is a London-based turnaround firm which specialises in buying and improving manufacturing
06-May-2021 07:36 AM

Melrose Group reports Q1 sales surge

The Melrose Group has reported an 8% surge in sales during the first quarter of 2021, when compared with the same period a year earlier. The operating margins achieved in the first quarter of the year continued to improve faster than expected and Melros
04-Mar-2021 08:16 AM

Melrose Industries reports 20% fall in revenue

Melrose Industries has reported a near 20% fall in revenue for 2020 - a direct result of the Covid-19 crisis. The group made an adjusted operating profit of £340 million in 2020, while the statutory operating loss was £338 million. Of the &p
25-Nov-2020 07:38 AM

Melrose Industries trading at top end of expectations for 2020

Engineering group Melrose Industries said it was trading at the top end of its expectations for 2020. The relatively upbeat performance reflected a faster-than-expected recovery in automotive markets and a continued strong performance at its Nortek Air M
04-Sep-2020 09:30 AM

Broker Forecast - UBS issues a broker note on Melrose PLC

UBS today reaffirms its buy investment rating on Melrose PLC (LON:MRO) and raised its price target to 134p (from 131p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
03-Sep-2020 07:29 AM

Melrose Industries announces job cuts in aerospace business as it posts H1 loss

Engineering group Melrose Industries has posted a pre-tax loss for the first half of 2020 and announced a 'significant reduction' in its GKN Aerospace workforce in the second half following a decline in sales. The group said that the 'nume
14-Aug-2020 10:00 AM

Broker Forecast - RBC Capital Markets issues a broker note on Melrose PLC

RBC Capital Markets today reaffirms its outperform investment rating on Melrose PLC (LON:MRO) and cut its price target to 160p (from 180p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
23-Jul-2020 10:50 AM

Broker Forecast - UBS issues a broker note on Melrose PLC

UBS today reaffirms its buy investment rating on Melrose PLC (LON:MRO) and cut its price target to 131p (from 145p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
22-Jul-2020 07:10 AM

Melrose Industries rules out first-half dividend as profits slump

Engineering company Melrose Industries said it wouldn't pay an interim dividend and expected to post a small first-half operating profit, after its revenue slumped 27% amid 'extraordinary' disruption from the Covid-19 crisis. Melrose said
14-Jul-2020 10:50 AM

Broker Forecast - UBS issues a broker note on Melrose PLC

UBS today reaffirms its buy investment rating on Melrose PLC (LON:MRO) and raised its price target to 145p (from 117p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
13-Jul-2020 10:10 AM

Broker Forecast - Morgan Stanley issues a broker note on Melrose PLC

Morgan Stanley today reaffirms its equal weight investment rating on Melrose PLC (LON:MRO) and cut its price target to 140p (from 145p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
10-Jun-2020 12:31 PM

FTSE rally fizzles out at midday as Fed nerves kick in

UK markets saw their firm start to Wednesday fade as investor nerves kicked in ahead of upcoming comment from the US Fed. The US Federal Reserve is due to make its first economic projections since the Covid-19 pandemic set off a recession in February, a
02-Jun-2020 09:50 AM

Broker Forecast - Morgan Stanley issues a broker note on Melrose PLC

Morgan Stanley today initiates coverage of Melrose PLC (LON:MRO) with a equal weight investment rating and price target of 145p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
13-May-2020 09:20 AM

Broker Forecast - Citigroup issues a broker note on Melrose PLC

Citigroup today reaffirms its buy investment rating on Melrose PLC (LON:MRO) and cut its price target to 130p (from 135p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
07-May-2020 08:09 AM

Melrose Industries reports 20% fall in sales as factory closures hit in first four months of 2020

Melrose Industries has reported a 20% fall in group sales in the four months to 30 April 2020 compared to the same period a year earlier, due to the 'significant disruption' caused by Covid-19 resulting in the closure of factories. In an AGM tr
01-May-2020 02:30 PM

Broker Forecast - JP Morgan Cazenove issues a broker note on Melrose PLC

JP Morgan Cazenove today reaffirms its overweight investment rating on Melrose PLC (LON:MRO) and cut its price target to 165p (from 180p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
30-Apr-2020 08:10 AM

Broker Forecast - Peel Hunt issues a broker note on Melrose PLC

Peel Hunt today reaffirms its buy investment rating on Melrose PLC (LON:MRO) and cut its price target to 170p (from 200p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
28-Apr-2020 08:00 AM

Broker Forecast - Goldman Sachs issues a broker note on Melrose PLC

Goldman Sachs today downgrades its investment rating on Melrose PLC (LON:MRO) to neutral (from buy) and cut its price target to 100p (from 130p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
02-Apr-2020 01:00 PM

Broker Forecast - UBS issues a broker note on Melrose PLC

UBS today reaffirms its buy investment rating on Melrose PLC (LON:MRO) and cut its price target to 128p (from 235p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
30-Mar-2020 02:10 PM

Broker Forecast - Barclays Capital issues a broker note on Melrose PLC

Barclays Capital today reaffirms its overweight investment rating on Melrose PLC (LON:MRO) and cut its price target to 155p (from 270p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
25-Mar-2020 11:50 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Melrose PLC

JP Morgan Cazenove today reaffirms its overweight investment rating on Melrose PLC (LON:MRO) and cut its price target to 180p (from 260p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
20-Mar-2020 02:00 PM

Broker Forecast - Goldman Sachs issues a broker note on Melrose PLC

Goldman Sachs today reaffirms its buy investment rating on Melrose PLC (LON:MRO) and cut its price target to 207p (from 260p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...

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