Company
Melrose Industries PLC
LON:MRO
Melrose Industries PLC is an aerospace manufacturing business, centred around GKN Aerospace. Formerly, it was a holding company run with the mantra of 'buy, improve, sell' model, looking for good manufacturing businesses with strong fundamentals whose performance can be improved. But once it spun off GKN Automotive as Dowlais Group PLC in 2023, the remaining business gave up its former investment strategy to refocus on the aerospace sector.
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Melrose soars to post-pandemic high as guidance updated, buyback brought forward
Current chief operating officer Peter Dilnot is taking over as group chief executive and GKN Aerospace finance chief Matthew Gregory will be finance director
Melrose Industries set to unveil first results as a pure aerospace company
There are plenty of moving parts to look out for, said Barclays
Melrose raises forecasts and bigs up aerospace aftermarket potential
"Aerospace is now positioned to fulfil the potential it had at acquisition, with a highly enviable aftermarket presence and predictable strong cashflows"
Melrose Industries reports 'materially stronger' profit and cash generation in second half
The proposal to spin off the Automotive business was announced in September, since when there has been strong demand for its automotive electrification services
Melrose Industries sinks further on GKN demerger plan
Melrose bought GKN in 2018 in a bitterly fought and controversial takeover
Melrose Industries confirms £500mln buyback after disposal
Chief executive Simon Peckham said a buyback had been chosen as "the quickest way" to distribute capital to shareholders
Melrose sheds last asset from Nortek acquisition
Ergotron is the last of the assets remaining from the industrial turnaround investor's US$1.4bn takeover of the North American heating and air conditioning business
Melrose Industries says trading in line; highlights supply and inflation challenges
Automotive and Powder Metallurgy divisions remain constrained by supply issues
Melrose warns chip shortages getting worse and have hit trading
Automotive order cancellations have increased to between 20-25% from 1% earlier in the year
Melrose Industries flying high as it pledges to return more cash to shareholders after plugging hole in GKN pension pot
During the first half of 2021, Melrose completed the sales of the Nortek Air Management division and the Brush business and has recently agreed on the sale of Nortek Control for US$285 million.
Melrose to pay out 15p special dividend after Nortek sale
The engineer said it had taken a conservative approach with the payout
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FTSE 100 ends higher as US blue chips recover from opening falls
At the finish, the UK blue-chip index was 27.72 points, or 0.4% higher at 7,090.01, below the day’s peak of 7,098.67 but above the low of 7,061.13