Melrose Industries PLC (MRO.L)
- Reuters
British engineer GKN's owner refutes bondholder claims
Melrose Chief Executive Simon Peckham dismissed allegations made by holders of GKN's euro medium-term notes (EMTNs) programme. The company issued the bonds in 2017 to raise 2 billion pounds ($2.5 billion), with 130 million pounds still outstanding, Peckham said. In a letter to GKN dated Jan. 16 the group, which hold over 72% of the bonds, said the engineer had conducted a tender offer of the notes at a "substantial discount to par" without informing it of an "event of default" following a proposal to separate GKN Automotive and GKN Metallurgy.
- Yahoo Finance UK
FTSE 100 closes higher as UK assets are back in fashion
The blue-chip index edged higher as 'investors appear to have fallen back in love with UK assets'.
- Simply Wall St.
Insiders who bought this year lost UK£22k as Melrose Industries PLC (LON:MRO) sheds UK£288m in value
Insiders who bought UK£334k worth of Melrose Industries PLC's ( LON:MRO ) stock at an average buy price of UK£1.34 over...
