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Melrose Industries PLC
MRO.UK
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FTSE drops as UK fiscal worries hit sentiment

London stock prices fell on Friday, with the FTSE 100 down 1.1% due to UK fiscal concerns and a global sell-off. The FTSE 250 and AIM All-Share also declined. Investor sentiment weakened amid reports that the UK chancellor may abandon plans to raise income tax. European markets also fell, with Germany's budget and insolvency data in focus. Land Securities dropped 3.4% after reporting lower pretax profit, while Melrose Industries gained 0.8% on strong performance. PPHE Hotel Group rose 11% as major shareholders explored financial options.

marketscreener·
UK
LAND
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UK
MRO
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marketscreener·
UK
LAND
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UK
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Melrose Industries 4-Month Revenues, Operating Profit Rise; Confirms FY25 Outlook

Melrose Industries reported a 14% revenue increase and significantly higher adjusted operating profit for the four months to October 31, driven by strong Engines revenue growth. The company expects FY25 revenue between £3.425 billion and £3.575 billion, and adjusted operating profit between £620 million and £650 million. CEO Peter Dilnot highlighted strong performance in civil and defence sectors, with plans to ramp up production. Shares rose 0.79% to 633.54 pence in London.

rttnews·
UK
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rttnews·
UK
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Melrose posts strong trading; Landsec profit drops

Melrose Industries reports a strong performance with a 14% revenue increase, driven by growth in its Engines division. Land Securities' interim pretax profit falls due to disposal losses, despite rental income growth. The UK government announces a ban on no-fault evictions and rent increases more than once a year. Deutsche Bank and Barclays adjust price targets for 3i Group, Burberry, and Wizz Air. PPHE Hotel Group shareholders consider financial options, and Bridgepoint shares are sold through a secondary placing.

marketscreener·
UK
MRO
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marketscreener·
UK
MRO
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UK Stocks-Factors to watch on Nov 14

UK's FTSE 100 index is expected to open lower. Melrose Industries reported a 14% revenue rise. Land Securities raised profit expectations. DFS Furniture anticipates strong profit growth. Man Group plans job cuts in London. UK government abandoned income tax rate hike plans. Labour market shows slight improvement. Oil prices rose due to supply fears; copper prices fell on weak China data; gold prices edged higher amid a weaker dollar.

Reuters·
UK
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UK
LAND
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Reuters·
UK
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UK
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GKN Aerospace owner Melrose posts four-month revenue rise on aftermarket strength

Melrose Industries reported a 14% revenue increase for the four months to October 31, driven by strong aftermarket demand and engine division performance. Geopolitical tensions have boosted defense spending, benefiting Melrose. The U.S.-UK trade agreement removing import duties on UK-made aerospace components has also aided the company. Melrose maintains its full-year guidance for adjusted operating profit and free cash flow.

Reuters·
UK
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Reuters·
UK
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