Melrose Share News (MRO)

LONDON MARKET CLOSE: Europe takes hit on UK and France election nerves

(Alliance News) - Stock prices in London closed lower on Tuesday, with France's polarising election at the forefront of investor anxieties.

FTSE 100 slides as investors wary ahead of data and election

FTSE 100 down 0.4%, FTSE 250 off 1%

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London close: Stocks finish lower after Airbus profit warning

(Sharecast News) - London stocks ended Tuesday in negative territory, influenced by significant losses in key sectors following a profit warning from Airbus.

LONDON MARKET MIDDAY: US tech nerves hit mood in Europe

(Alliance News) - Stock prices in London were lower heading into Tuesday afternoon, as European equities succumbed to a nervy mood which threatens to temper some of the gains seen so far in the second-quarter.

LONDON MARKET OPEN: FTSE 100 edges up but mood tetchy amid US tech woe

(Alliance News) - London's FTSE 100 made an underwhelming start to the day, with European markets unnerved by a sell-off of US technology shares overnight, and unfavourable corporate updates keeping a lid on indices in Paris and Frankfurt.

IN BRIEF: Melrose Industries hires former British Land CEO as chair

Melrose Industries PLC - Birmingham, England-based aerospace firm with Engines and Structures divisions that were formerly part of GKN - Hires Chris Grigg to be non-executive chair, joining the Melrose board on October 1 and taking over as chair from Justin Dowley at the end of March next year. Dowley has been in post since 2019. Grigg currently is chair of the UK Infrastructure Bank and of wealth manager Evelyn Partners. He was senior independent director of BAE Systems PLC until this past December. As an executive, he was chief executive of commercial property developer British Land Co PLC and of Barclays Commercial Bank, part of Barclays PLC.

LONDON BRIEFING: Ashtead profit declines; Whitbread sales rise

(Alliance News) - London's FTSE 100 is called to open higher on Tuesday, taking confidence from a decent showing for US equities overnight, with inflation data and central bank decisions the key plot points as the week progresses.

Melrose appoints former British Land CEO as chair designate

(Sharecast News) - Aerospace manufacturing group Melrose has appointed the former boss of British Land and veteran banker Chris Grigg as its chair designate.

PRESS: Ex-Melrose CEO plots London listing for new vehicle — Sky News

(Alliance News) - Rosebank Industries Ltd, founded by the former boss of Melrose Industries PLC, is preparing for a London float and will look to raise over GBP40 million from institutional investors, Sky News reported Sunday.

Stifel lifts Melrose Industries price target, profit forecast

(Sharecast News) - Melrose Industries rallied on Tuesday as Stifel lifted its price target on the shares to 700p from 690p and upped its profit forecast.

CORRECT: Coats names former GKN Aerospace head David Paja as CEO

(Correcting spelling of GKN Aerospace.)

Coats names former GNK Aerospace head David Paja as chief executive

(Alliance News) - Coats Group PLC on Thursday revealed the company's succession plan for its outgoing head Rajiv Sharma.

London close: Stocks rise on back of well-received earnings

(Sharecast News) - London's stocks finished with gains on Thursday, fuelled by strong performances from key players like Standard Chartered and Smurfit Kappa.

Melrose remains on track as Engines arm powers strong first quarter

(Alliance News) - Melrose Industries PLC on Thursday backed recently increased full-year guidance driven by strong growth in its Engines business.

LONDON BRIEFING: Shell unveils USD3.5 billion buyback; Melrose bullish

(Alliance News) - London's FTSE 100 is called to open higher on Thursday, after the Federal Reserve left rates unmoved and Chair Jerome Powell came across less hawkish than feared.