Melrose Industries

Melrose shares climbed about 8.5% to 501.2 pence after the Orange County prosecutor dropped the criminal investigation related to the chemical accident at GKN Aerospace. GKN Aerospace announced a $100 million compensation program for residents and businesses affected by the evacuation, to be administered by an independent third party. The prosecutor also backed September 28 as the target date for resuming full production in Garden Grove, easing pressure on Melrose’s earnings forecast and its ability to return capital. » Więcej na de.investing.com

Melrose reports a pre-tax profit decline in H1 2026 from £379m to £89m, after which the share fell to 409.9 pence and traded intraday at 461.5 pence. The company expects additional H2 costs of £25–30m following an incident involving an overheated chemical tank at GKN Aerospace in Garden Grove and has suspended its £175m buyback programme for now. Analysts remain divided (Citi price target 763 pence, UBS sell with target 430 pence), while the broader market remains supportive, suggesting the drop is company-specific. » Więcej na de.investing.com

The Capital Group Companies has reduced its voting stake in Melrose Industries from 13.71% to 12.92%, falling below the reportable threshold. On the reference date the investment house held 161,000,882 voting rights; Capital Research and Management Company holds 12.92%, of which 5.34% is attributable to the Capital World Growth and Income Fund. The shares are held in discretionary accounts, not on the group's own behalf. » Więcej na de.investing.com