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Prices & Quotes - UK Markets - Melrose Industries (MRO)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 159.30p
Change Today:
0.30p
Market Cap:
7,739m
Sector:
General Industrials

Melrose Industries sees 'significant disruption' from Covid-19

By Iain Gilbert

Date: Thursday 07 May 2020

LONDON (ShareCast) - (Sharecast News) - Manufacturing business Melrose Industries pulled guidance said sales fell 20% in the four months to April 30 as the coronavirus pandemic and associated factory closures "significant disruption" to operations.
The FTSE 100-listed firm said its aerospace division was expected to see a net sales decline of around 8% year-on-year, while its automotive and powder metallurgy units were expecting a combined annual drop in sales of 31%.

Melrose also stated it was not in a position to provide any trading guidance for the year ahead as conditions remained "too unpredictable to forecast" but had cancelled its 2019 final dividend, reduced capital expenditure, salary sacrifices and furloughing of staff to conserve cash.

Chief executive Simon Peckham said: "Melrose has a track record of managing its businesses successfully in all market environments and crucially our recent cash generation performance shows we have been able to maintain the strength of the balance sheet to position the group's businesses in the best way for the future."

Melrose shares were up 1.69% at 99.86p at 0845 BST.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MRO Market Data

Currency UK Pounds
Price 159.30p
Change Today 0.30p
52 Week High 248.50p
52 Week Low 74.36p
Volume 17,064,766
Shares Issued 4,858.25m
Market Cap 7,739m

Performance Indicators

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What The Brokers Say

Strong Buy 10
Buy 0
Neutral 3
Sell 0
Strong Sell 1
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MRO Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Sep-19 04-Apr-19
Paid 11-Oct-19 20-May-19
Amount 1.70p 3.05p

Trades for 27-Nov-2020

Time Volume / Share Price
16:35 10,508,063 @ 159.30p
16:29 7 @ 160.20p
16:29 8 @ 160.20p
16:29 6 @ 160.20p
16:29 18 @ 160.20p

MRO Key Personnel

CEO Simon Antony Peckham