52 Week Range
As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay
3M AVG Volume
52 Week High
52 Week Low
Shares Out (MIL)
Market Cap (MIL)
Dividend (Yield %)
Melrose Industries HY Adj Operating Profit 56 Mln Stg Vs 541 Mln Stg
Melrose Industries Says Is Likely To Make Small Adjusted Operating Profit In HY
Melrose Industries Says 4 Months Group Sales Down About 20% Due To Covid-19
Melrose Industries PLC is a United Kingdom-based company that is focused on acquiring manufacturing businesses. The Company’s segments include Aerospace, a multi-technology supplier of air frame and engine structures, including aerostructures, engine systems and special technologies; Automotive, which comprises Driveline, All Wheel Drive and e-Drive (together e-Powertrain) and Cylinder Liners businesses, a technology and systems engineer which designs, develops, manufactures and integrates a range of driveline technologies; Powder Metallurgy, which provides precision powder metal parts for the automotive and industrial sectors, as well as the production of powder metal; NortekAir & Security, which comprises the Company’s air management and security and smart technology businesses, and Other Industrial, which comprises its Ergotron, Brush and Wheels & Structures businesses.
Auto & Truck Parts
Leconfield House, Curzon Street
Non-Executive Independent Chairman of the Board
Simon Antony Peckham
Chief Executive, Executive Director
Executive Vice Chairman of the Board
David A. Roper
Executive Vice Chairman of the Board
Geoffrey P. Martin
Group Finance Director, Executive Director
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Price To Sales (TTM)
Price To Book (MRQ)
Price To Cash Flow (TTM)
Total Debt To Equity (MRQ)
LT Debt To Equity (MRQ)
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London shares closed lower on Thursday as miners weighed down the FTSE 100 index after optimism about more stimulus proved to be short-lived, while shares of Melrose jumped after it signalled a pick-up in some markets.
Engineering business owner Melrose Industries <MRON.L> said on Thursday there were signs of a pick-up in some of its markets, excluding aerospace, after the coronavirus crisis slashed its first-half profit by 90% and prompted job cuts.
Turnaround specialist Melrose Industries Plc <MRON.L> said on Thursday adjusted operating profit plunged 90% to 56 million pounds (55.88 million pounds) in the first half, hurt by a coronavirus-driven downturn in the aerospace and automotive sectors.
* FOLLOWING A SUCCESSFUL 2019, GROUP TRADED IN LINE WITH MANAGEMENT EXPECTATIONS FROM JANUARY THROUGH TO MID-MARCH
Turnaround specialist Melrose Industries Plc <MRON.L> said on Tuesday that a strike at U.S. automaker General Motors <GM.N> dented sales at its automotive and powder metallurgy units for four months.
Melrose Industries Plc <MRON.L> flagged its confidence in meeting full-year forecasts on Thursday as the turnaround specialist reported a better-than-expected first-half profit, despite weakness in its automotive business.
Melrose Industries Plc on Thursday warned that weakness in the global automotive market would persist in the second half of the year, but the turnaround specialist said it was confident of trading in line with its expectations this year.
Melrose Industries' hard-fought takeover of British engineer GKN helped to boost 2018 profits at the turnaround specialist and ease analyst concerns about its ability to cope with a slowing global economy and weaker autos markets.
Turnaround specialist Melrose Industries Plc's full-year adjusted pretax profit nearly tripled, boosted by last year's hostile takeover of British engineer GKN.
Turnaround specialist Melrose Industries Plc said on Wednesday it plans to sell its off-highway powertrain applications business Walterscheid Powertrain Group to private equity firm One Equity Partners for about 200 million pounds ($262.7 million).
Turnaround specialist Melrose Industries Plc said on Wednesday it would sell its off-highway powertrain applications business Walterscheid Powertrain Group to One Equity Partners, a U.S.-based private equity firm for about 200 million pounds ($262.68 million).
* NOW ACQUIRED, UNCONDITIONALLY CONTRACTED TO ACQUIRE OR RECEIVED VALID ACCEPTANCES OF OFFER IN RESPECT OF MORE THAN 90 PERCENT OF VALUE OF GKN
Britain's business minister said there were no national security grounds to intervene in turnaround specialist Melrose's <MRON.L> takeover of UK engineering company GKN <GKN.L>, giving the deal the green light from government.
* GKN QUARTERLY SALES 2.599 BILLION STG VERSUS 2.611 BILLION STG YEAR AGO
* MELROSE'S OFFER FOR GKN HAS BECOME UNCONDITIONAL IN ALL RESPECTS
* MELROSE INDUSTRIES PLC - MELROSE HAD RECEIVED VALID ACCEPTANCES REPRESENTING APPROXIMATELY 84.97 PER CENT
* ALL OUTSTANDING CONDITIONS TO GKN OFFER, SAVE FOR ADMISSION CONDITION, HAVE NOW BEEN SATISFIED OR WAIVED
* MELROSE HAS RECEIVED VALID ACCEPTANCES REPRESENTING APPROXIMATELY 81.80 PER CENT. OF VOTING RIGHTS OF GKN
* FMR LLC RAISES STAKE IN MELROSE INDUSTRIES PLC TO 9.8 PCT FROM 7.84 PCT Source text for Eikon: Further company coverage:
Melrose Industries has narrowly clinched an 8 billion-pound takeover of British engineer GKN, winning an acrimonious three-month battle for control of the FTSE 100 company.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.