London shares firm after BoE gilt buy wobbles
London shares ended higher on Tuesday after an unexpected helping hand from the government bond market
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 shares jump again as acquisition of Nortek proceeds
The deal will be funded by a right issue on a 12-for-1 basis at 95p to raise £1.6bn.
Risers and fallers: Genel Energy, Telit Communications, Glenwick ...
Main share price risers and fallers in London at 9.30am
Archive
Numis hands big upgrade to Melrose PLC after Nortek buy
A look at some early broker ratings on Thursday morning
Trending: Who will enjoy Brexit’s silver lining?
There has been a top-down torrent of negative predictions for the consequences of Britain’s decision two weeks ago to vote to leave the European Union. But who will win from Brexit? The US, Europe or Britain?
London stocks fall as Brexit woes continue to weigh
London’s FTSE 100 closed down on Wednesday in a repeat of the previous session’s gyrations over the ongoing Brexit vote shock
Melrose Industries buys Nortek for US$1.4bn
Industrial turnaround group buys North American air conditioning manufacturer
Investments and investor services
FTSE 100 Index falls as pound plunges to new low
The FTSE 100 Index reversed modest gains to stand 103.29 points adrift at 6442.08
Risers and fallers, including Kolar Gold, Shanta, Melrose and Barratt Developments
A first look at some of the notable market movers on Wednesday
FTSE 100 Index rises but pound slumps on 'Brexit' fears
The FTSE 100 Index increased 11.54 points to 6556.91
Archive
Brokers pick their winners post-Brexit
Broadcaster ITV was downgraded, as was airline group IAG
Hikma Pharmaceuticals hits Footsie as oil and mining dip
Drug company enters the blue-chip ranks as satellite group drops out
Numis wagers next year will be better for William Hill
William Hill, Bovis Homes, Allied Gold, and Antofagasta are among the stocks in Tuesday’s broker spotlight
Mining majors reluctantly taken off City sell list
BHP, Rio and Glencore are no longer worth selling; meanwhile Cineworld, Just Eat and Thomas Cook are also in Wednesday’s broker spotlight
Investments and investor services
Footsie shrugs off China woe on M&A cheer
Swiss insurer Zurich is mulling a bid for UK rival RSA
Melrose shareholders set for £2bn windfall as Honeywell buys Elster
Melrose vowed not to change the "buy, improve, sell" business model.