Melrose Industries PLC (LSE:MRO, OTC:MLSPF) shares rose 8% to above 554p for the first time since 2020 after it published its first set of results since.
Melrose Industries lifted its annual outlook on Thursday as it said trading has been ahead of expectations, partly due to higher-than-expected margins at the engines division.
FTSE 100 up 28 points at 7,454 Direct Line jumps after £520m sale Pets at Home, CVS tumble on CMA probe 3:30pm: Aldi chasing Sainsbury as it unveils store.
By Anthony O. Goriainoff Melrose Industries said Chief Executive Officer Simon Peckham will step down on March 7, 2024, and that it plans to bring forward.