MRO.L - Melrose Industries PLC

LSE - LSE Delayed price. Currency in GBp
179.75
+5.10 (+2.92%)
As of 2:08PM BST. Market open.
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Previous close174.65
Open176.20
Bid179.70 x 183600
Ask179.80 x 149100
Day's range176.20 - 180.45
52-week range145.95 - 238.50
Volume3,672,854
Avg. volume14,771,686
Market cap8.733B
Beta (3Y monthly)1.68
PE ratio (TTM)N/A
EPS (TTM)-12.00
Earnings date29 Aug 2018 - 3 Sep 2018
Forward dividend & yield0.05 (2.73%)
Ex-dividend date2019-04-04
1y target est248.00
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    Got a Stocks and Shares ISA? I’d buy these 2 FTSE 100 stocks for my portfolio

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  • Melrose co-founder Roper signals exit in aftermath of GKN deal
    Sky Newslast month

    Melrose co-founder Roper signals exit in aftermath of GKN deal

    One of the founders of Melrose Industries will this week signal his intention to step down from the industrial turnaround group in the aftermath of the biggest takeover since it was set up 16 years ago. Sky News has learnt that Melrose, which paid more than £8bn to buy GKN, the FTSE-100 engineer, will announce that executive vice-chairman David Roper is to retire next year. The announcement of his intention to leave the company will make Mr Roper the first of Melrose's founding trio to depart, while underlining the continuity of its management team.

  • Melrose delivers riposte to MPs over Birmingham closure
    Sky News2 months ago

    Melrose delivers riposte to MPs over Birmingham closure

    The industrial group which last year bought GKN, the venerable British engineer, ‎has dismissed MPs' complaints that its closure of a factory near Birmingham undermines commitments made during the hostile takeover. Sky News has obtained a letter from Simon Peckham, Melrose's chief executive, to Rachel Reeves, chair of the business, energy and industrial strategy select committee, which defends its commitment to the UK's industrial base. In it, Mr Peckham said Melrose had "complied with both the letter and the spirit" of undertakings given to the Government as part of its £8bn acquisition of GKN.

  • Melrose quartet see pay slashed after £8bn GKN takeover
    Sky News3 months ago

    Melrose quartet see pay slashed after £8bn GKN takeover

    The executive quartet who run Melrose Industries saw their pay packages slashed last year in the wake of the company's takeover of GKN, one of the most venerable names in British manufacturing. Sky News has learnt that Melrose will disclose in its annual report on Friday that chief executive Simon Peckham saw his total remuneration for 2018 fall to £1.05m from more than £42m the year before. Melrose hopes the disclosures will underline a model for rewarding its top executives that it has been at pains to point out for many years results in lavish bonuses only when the company's shareholders do well.

  • Reuters3 months ago

    Weak results, financials, ex-dividend trading drag FTSE 100 lower

    NMC Health and insurers Aviva and Admiral all slipped after earnings reports. The FTSE 100 was down 0.5 percent, while the FTSE 250 gave up 0.9 percent and was on track for its worst week in more than two months.

  • Reuters3 months ago

    GKN deal boosts Melrose's profit, eases economy worries

    The company narrowly clinched an 8 billion-pound takeover of GKN in March last year, pulling off Britain's biggest hostile bid since Kraft pounced on confectionery giant Cadbury in 2009. The company reported adjusted operating profit excluding GKN's loss-making contracts of 784 million pounds for last year, 5 percent ahead of JP Morgan estimates. "The beat (was) despite the market's concern on the end market development, notably in automotive, and speaks to the impact management actions are already having at GKN," said JP Morgan analysts, who have an "overweight" rating on the stock.

  • Reuters - UK Focus3 months ago

    Melrose full-year adjusted pretax profit nearly triples

    Turnaround specialist Melrose Industries Plc's full-year adjusted pretax profit nearly tripled, boosted by last year's hostile takeover of British engineer GKN. The company, which specialises in buying ...

  • Reuters3 months ago

    Melrose to sell Walterscheid Powertrain Group for 200 million pounds

    (Reuters) - 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 ...

  • Reuters - UK Focus3 months ago

    Melrose to sell Walterscheid Powertrain Group for $262.7 mln

    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 ...

  • Reuters - UK Focus7 months ago

    LIVE MARKETS-Telcos: Another case of "without M&A, the sector sucks"

    * European shares rise sharply, STOXX off highs * Italian banks rally on hopes of budget tweaks * Melrose lead losers on report of low bids for unit * Most sectors trading in positive territory * Wall ...

  • Reuters - UK Focus7 months ago

    LIVE MARKETS-5 reasons to believe the bull isn't dead yet

    * European shares rise sharply, STOXX off highs * Italian banks rally on hopes of budget tweaks * Melrose lead losers on report of low bids for unit * Most sectors trading in positive territory * Wall ...

  • Melrose weighs options after 'low-ball' bids for GKN unit
    Sky News7 months ago

    Melrose weighs options after 'low-ball' bids for GKN unit

    The industrialists who bought GKN (Frankfurt: 694194 - news) , the British engineering group, in a controversial £8bn deal this year are weighing options for one of its key divisions after receiving a string of "low-ball" takeover offers. Sky News has learnt that executives at Melrose (LSE: 136541.L - news) are deciding whether to press on with an immediate auction of GKN Powder Metallurgy following initial bids last week valuing the business at about £1.6bn. Sources said that Apollo and PAI Partners were among the private equity firms which tabled indicative offers last week.

  • UK's best-paid boss gets a £48m payrise
    Yahoo Finance UK7 months ago

    UK's best-paid boss gets a £48m payrise

    Billionaire founder of online gambling firm Denise Coates sees pay soar to £265m

  • Reuters - UK Focus7 months ago

    BUZZ-Melrose Industries: RBC assumes with "top pick" rating

    ** Melrose Industries up ~1.5 pct after RBC assumes coverage with "top pick" rating vs "outperform"; among top pct gainers in index ** RBC says MRON management has unique "buy, ...

  • Reuters - UK Focus7 months ago

    Stronger pounds weighs on FTSE, offsetting Vodafone uplift

    MILAN/LONDON, Nov 13 (Reuters) - The UK's top share index finished broadly flat on Tuesday after sterling strength on Brexit deal hopes weighed on exporters, offsetting gains for Vodafone, Experian and Melrose Industries (Frankfurt: 27MA.F - news) . The FTSE 100 index was up a marginal 0.01 percent, paring gains as sterling climbed to a 6-1/2 month high versus the euro after the cabinet office minister said there could be a Brexit deal in the next 24-48 hours.

  • Melrose starts GKN break-up with launch of powder metallurgy sale - sources
    Reuters8 months ago

    Melrose starts GKN break-up with launch of powder metallurgy sale - sources

    Turnaround specialist Melrose (MRON.L) has fired the starting gun on a break-up of Britain's 250-year old GKN by launching a sale of the engineer's powder metallurgy business which could fetch around 1.5 billion pounds ($1.96 billion). UK-based Melrose's banks have started to send out confidential information about the division to prospective buyers ahead of an auction process for the unit, two people with knowledge of the matter told Reuters. The GKN business makes automotive and industrial components from powdered metal and is expected to attract interest from private equity firms.

  • Simply Wall St.8 months ago

    What Investors Should Know About Melrose Industries PLC’s (LON:MRO) Financial Strength

    Investors pursuing a solid, dependable stock investment can often be led to Melrose Industries PLC (LON:MRO), a large-cap worth UK£8.5b. One reason being its ‘too big to fail’ aura which Read More...

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