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Industry & services

Melrose Industries says GKN turnaround 'on track' in first half

The interim dividend was lifted 10% to 1.7p per share...

2 weeks, 1 day ago
Industry & services

Melrose appoints former Delphi Technologies boss Liam Butterworth to lead GKN units

Former Delphi Technologies boss Liam Butterworth will start his new role at Melrose in November. ...

on 8/10/18
Industry & services

Melrose set to announce plans for GKN as it moves closer to full ownership

Melrose now owns 94% of GKN after receiving acceptances from the engineer’s shareholders for its £8bn hostile takeover bid...

on 10/5/18
Industry & services

Deutsche Bank turns positive on Melrose after GKN takeover

Deutsche Bank raised its rating on Melrose Industries to ‘buy’ from ‘hold’ and raised its target price to 275p from 227p...

on 1/5/18
Industry & services

Melrose closer to full ownership of GKN after receiving further shareholder acceptances

Melrose will send formal compulsory acquisition notices to the GKN shareholders who are yet to accept its offer to buy the engineer...

on 27/4/18

Champagne moment - Primary Health Properties joins FTSE 250 index from today

Harry Hyman, PHP’s managing director, said: "I'm delighted that PHP has been included in the FTSE 250 and FTSE All-Share indices and believe the move marks an important milestone in the Company's history”...

on 24/4/18
Industry & services

GKN's first quarter profits dragged lower by US aerospace unit before Melrose takeover

Melrose said the first quarter trading statement was sourced directly from GKN's management before its offer became unconditional last week...

on 24/4/18
Industry & services

Melrose to cancel GKN's shares in London after winning takeover battle

Melrose received acceptances for its offer from shareholders who hold about 81.8% of GKN on Monday...

on 17/4/18
Retail & consumer

Fiat Chrysler to spin off components business Magneti Marelli

The separation is expected to be completed by early 2019 ...

on 5/4/18
Industry & services

Government reviews Melrose's hostile takeover of GKN amid calls to block deal

The government is assessing whether the deal raises public interest concerns...

on 3/4/18
Industry & services

Melrose declares narrow victory in bitter battle to takeover GKN with acceptances of 52.43%

The FTSE 250-listed turnaround specialist clinched the deal, having set the acceptance condition for its final £8bn cash and shares offer for GKN at 50% plus one share...

on 29/3/18
Industry & services

GKN shares could sink if investors turn down hostile takeover bid, Melrose warns

“Where would GKN's share price have been without Melrose's approach and where would it fall to if Melrose's offer did not proceed?,” Melrose asked...

on 28/3/18
Industry & services

GKN tells shareholders to 'ignore' Melrose hostile takeover bid ahead of deal deadline

GKN said Melrose's strategy for the engineer is "desperately short on detail”...

on 27/3/18
Industry & services

Melrose tries to soothe business secretary's concerns on hostile takeover bid for GKN

The business secretary is worried Melrose will take a "short-term approach" to ownership of GKN, given its track record of restructuring businesses and reselling them...

on 27/3/18
Industry & services

GKN showing signs of desperation, Melrose claims ahead of verdict on takeover bid

GKN shareholders have until Thursday to either back the company’s own turnaround plan or support Melrose's takeover bid....

on 26/3/18
Industry & services

GKN receives sweetened offer from Dana as deadline for Melrose takeover bid looms

GKN has retracted statements by its chief executive and finance director saying they were confident shareholders will back its plan to fend off Melrose's takeover bid...

on 26/3/18
Industry & services

Activist investor Elliott Advisors backs Melrose's hostile takeover bid for GKN

The hedge fund also urged fellow shareholders to accept Melrose's £8.1bn deal...

on 23/3/18

Ultra Electronics appoints former BBA Aviation boss, Simon Pryce as its chief executive officer

The defence contractor said Douglas Caster, who assumed the role of Ultra’s executive chairman in November 2017, will revert to being its non-executive chairman on the same date...

on 22/3/18