Melrose Industries PLC

MRO

GB00BNGDN821

Aerospace & Defense

Market Closed - London S.E. Other stock markets 09:05:25 31/05/2024 pm IST			5-day change	1st Jan Change
615.8 ^GBX	-0.61%		-1.31%	+8.53%

30/05	Coats names former GKN Aerospace head David Paja as CEO	AN
30/05	Coats names former GNK Aerospace head David Paja as chief executive	AN

Melrose Industries CEO Peckham sells half of shareholding

June 15, 2023 at 11:24 am IST

Melrose Industries PLC - Birmingham, England-based aerospace firm - Chief Executive Officer Simon Peckham sells 2.0 million shares at average 524.52 pence, worth GBP10.5 million, on Wednesday. Melrose says the sale was "a result of a change in Mr Peckham's personal circumstances". He still holds 2.0 million shares, a 0.2% interest, and "has no current intention to sell any further shares", the company says.

Current stock price: 524.20p

12-month change: up 15%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Latest news about Melrose Industries PLC

Coats names former GKN Aerospace head David Paja as CEO	30/05	AN
Coats names former GNK Aerospace head David Paja as chief executive	30/05	AN
GKN automotive owner Dowlais warns of lower 2024 revenue, shares drop	21/05	RE
Melrose Industries PLC Approves to Declare A Final Dividend for the Year Ended 31 December 2023	02/05	CI
Melrose remains on track as Engines arm powers strong first quarter	02/05	AN
Shell and Standard Chartered boost the FTSE 100	02/05
Shell unveils USD3.5 billion buyback; Melrose bullish	02/05	AN
Melrose Industries Posts Higher Q1 Revenue; Affirms FY24 Outlook	02/05	MT
Boeing, GKN Aerospace close deal for St. Louis site	27/04	RE
European Equities Close Lower in Tuesday Trading; Defense Stocks Sink After Goldman Outlook	09/04	MT
Dowlais begins new share buyback programme of up to GBP50 million	04/04	AN
FTSE 100 up as investors see Fed, BoE cuts ahead	21/03	AN
Stocks boosted as BoE keeps rates unchanged	21/03	AN
Dowlais annual loss widens on impairments but revenue grows	21/03	AN
FTSE 100 Closes Flat as Investors Focus on Fed's Comments	20/03	DJ
UBS Hikes Melrose Industries PT, Maintains Buy Rating	20/03	MT
UBS raises Halma; cuts Spirax-Sarco and Weir	20/03	AN
UK inflation cools to 3.4% in February; Eyes on Fed	20/03	AN
New Melrose Industries CFO Gregory buys GBP100,000 in shares	12/03	AN
UBS Raises Melrose Industries PT, Keeps at Buy	11/03	MT
Citi, Macquarie cut Virgin Money to 'neutral'	11/03	AN
The FTSE 100 Closed Down 0.4% as U.S. Jobs Data Prompts Rate-Cut Hopes	08/03	DJ
FTSE 100 Closed Up 0.2% as ECB Leaves Interest Rates Unchanged	07/03	DJ
JPMorgan Maintains Melrose Industries at Overweight, Lifts PT	07/03	MT
Melrose Industries' FY23 Loss Widens, Revenue Grows	07/03	MT

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Company Profile

Melrose Industries PLC is a United Kingdom-based pure-play aerospace company. The Company provides advanced aerospace components and systems to all major original equipment manufacturer (OEMs), across both civil and defense markets. The Company operates through two divisions: Engines and Structures. Engines segment is a global tier one supplier to the aerospace engines market, including structural engineered components; parts repair; commercial and aftermarket contracts. Structures segment is a multi-technology global tier one supplier of both civil and defense air frames, including lightweight composite and metallic structures: electrical distribution systems and components. Its business includes GKN Aerospace, is a tier one supplier of airframe and engine structures, landing gear, electrical interconnection systems, transparencies, and aftermarket services.

Sector

Aerospace & Defense

Calendar

01/08/2024 - Q2 2024 Earnings Release

Related indices

STOXX EUROPE 600 (EUR) , FTSE 100

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Ratings for Melrose Industries PLC

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

6.158 GBP

Average target price

7.112 GBP

Spread / Average Target

+15.50%

Consensus

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Estimates Revisions

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Company calendar

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Other Aerospace & Defense

Melrose Industries PLC

Equities

MRO

GB00BNGDN821

Aerospace & Defense

Melrose Industries CEO Peckham sells half of shareholding

EPS Revisions