Don't pay just to have an ISA. Find out more
(MRO.L) Melrose PLC Buy/Sell
Add to portfolio Set Alert Level 2 Desktop Trader
Summary
Ready Made ISAs - ISA selections for you to consider
|
|
|||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
| Date/Time | Headline | Source |
|---|---|---|
| 11-03-10 | RNS |
|
|
RNS Number : 4313I Melrose PLC 11 March 2010 Melrose PLC
Melrose PLC (the 'Company') 1. Introduction This Annual Information Update ("AIU") is made in accordance with the requirements of the Prospectus Rule 5.2. This AIU refers to all information that has been published or made available to the public between 12 March 2009 and 11 March 2010. Whilst the Company confirms that the information relating to the Company referred to below was at the time of publication accurate and up-to-date, this information is not necessarily up to date as at the date of this Annual Information Update. This AIU contains a list of Announcements made via a Regulatory Information Service ('RIS'), documents filed with the UK Registrar of Companies and documents published and sent to shareholders. The Company is publishing the AIU via a RIS it will also be available on our corporate website: www.melroseplc.net 2. Regulatory Announcements The following is a list of all news releases and announcements of a regulatory nature, which have been made via an RIS, during the year. A full copy of these announcements can be viewed at http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/mar ket-news-home.html?newsSource=RNS&nameCode=melrose+plc
3. Documents filed with the Registrar of Companies The following documents have been filed by the Company with the Registrar of Companies at Companies House during the year. Copies of these documents may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ, email: enquiries@companies-house.gov.uk or if you are a registered user, through Companies House Direct at www.direct.companies.gov.uk
4. Documents submitted to the FSA The following documents have been submitted to the FSA on or around the dates indicated:
Documents submitted to the FSA can be viewed at the Document Viewing Facility situated at The Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS. The 2008 Annual report and Notice of AGM, the 2009 Interim Statement, Final Results and the Circular can be found on the Company's website at www.melroseplc.net This information is provided by RNS The company news service from the London Stock Exchange END
AIUBGGDXLXBBGGB More |
||
| 11-03-10 | AFX UK Focus |
|
|
The Times
REGULATOR TO PUT ROGUE PRODUCTS UNDER EARLY WARNING SCRUTINY The Financial Services Authority is to scrutinise the product design and development operations of its member firms. FSA chairman Lord Turner said the regulator's new stance reflected a desire to identify problem products much earlier, rather than relying on consumer complaints. FSA chief executive Hector Sants will outline details of the new approach in a speech at Said Business School in Oxford on Thursday. The FSA also announced that it has ordered financial institutions to ensure that their balance sheets could withstand a further two years of recession.
COSTAIN SEES NUCLEAR FUTURE Engineering and construction group Costain has committed its future to the blue-chip clients that generate 80 per cent of its business, while its "community" division is to face significant reductions. Chief executive Andrew Wyllie said the nuclear power industry is among the sectors offering the greatest opportunities, adding: "The country needs to build 50 gigawatts of electricity plant over the next few years and a lot of that will come from nuclear." Annual revenues for 2009 were up 66 million pounds to 1.06 billion pounds. The group has already secured revenues of 900 million pounds for 2010.
BA LOSES FOUR SLOTS TO WIN APPROVAL FOR AA ALLIANCE The European Commission indicated on Wednesday that it will approve British Airways' alliance with American Airlines , and is expected to require that BA and AA release at least four landing slots at Heathrow or Gatwick to allow greater competition on transatlantic routes. The airlines have applied - alongside Spanish airline and potential BA merger partner Iberia
TEMPUS Inchcape (Pass) Melrose (Stick around for the next big deal)
Chime (Buy on weakness)
PRUDENTIAL ACCUSED OF 'COLD-SHOULDERING' UK INVESTORS The chief executive of UK financial services company Prudential, Tidjane Thiam, has been accused of ignoring the company's British investors in favour of courting potential foreign investors. Thiam was scheduled to meet institutional shareholders in Scotland on Friday to convince them of his plan to acquire AIA, the Asian division of American insurer American International Group, for 35.5 billion dollars. Thiam has postponed the meeting to meet investors from Singapore who represent one of the funds that have agreed to back Prudential's 21 billion dollar rights issue to fund the deal.
CITY SEES LEGISLATION RUSH AS DATE SET FOR 'PHONEY BUDGET' Financial experts have warned that the timing of the budget announcement means it will be rushed through in a few weeks when it would normally take months. Budget day is set for March 24, a week before Parliament breaks for Easter. The reduced amount of time to debate the new budget could have unintended consequences. The proximity of the budget to the election has caused some to speculate that it will be a "phoney budget", with difficult tax implementations deferred until after the election.
INVESTEC TO REPLACE RESOLUTION IN FTSE The insurance vehicle Investec is to replace Resolution on the FTSE 100 index in the London stock market's latest reshuffle. Resolution, headed by insurance tycoon Clive Cowdery, will leave the top tier for mid-cap companies on March 19 as part of FTSE Group's quarterly review, which was based on Tuesday's closing share prices. Shares in Resolution have fallen by around 20 per cent this year after being offered to investors at 100 pence in a December 2008 flotation that raised 600 million pounds to fund takeovers.
BARCLAYS' INVESTORS AGAINST US RETAIL DEAL Shareholders of UK bank Barclays have warned against the purchase of a US retail bank. Barclays is said to be considering acquiring a US retail bank in order to gain more deposit funding for the rest of its US operations which expanded greatly after it acquired collapsed investment bank Lehman Brothers. Jane Coffey, head of UK equities at Royal London Asset Management, said Barclays should have "a really good reason" for making such an acquisition before asking for shareholder support. STANDARD LIFE EYES UK MARKET FOR GROWTH UK financial services group Standard Life has said it expects Britain to be its main area of growth in the future. The group's chief executive David Nish said it plans to capitalise on British companies moving to defined contribution pension plans from final salary schemes. Nish also said he expects his company to benefit from the 2012 pension reforms that will require companies to enrol employees into a pension scheme. The remarks contrast with recent statements made by two of the company's competitors, Prudential and Aviva, who will be focusing on Asia and continental Europe respectively.
PPF LOOKS FOR MORE LUCRATIVE RETURNS The Pension Protection Fund is to invest extensively in private equity firms and infrastructure projects in an attempt to outperform its investment benchmarks to 1.8 per cent over the course of 2010. The company, which takes on the defined-benefit pension schemes of defunct businesses, was handling a combined deficit peaking at 1.2 billion pounds in the year ending March 2009. Alan Rubenstein, chief executive, highlighted the PPF's increasing portfolio worth four billion pounds, saying that it offered a good opportunity to diversify the company's assets.
QUESTOR Cape (Buy)
Melrose (Buy)
COMMERCIAL PROPERTY MAY CAUSE NEW CRISIS, SAYS FSA The Financial Services Authority spoke on Wednesday of the dire consequences that may befall the British economy if the asset bubble in commercial property collapses. On the same day as it announced stricter stress tests for banks, the regulator explained that 160 billion pounds of UK commercial property debt is due to mature over the next five years; a large proportion of these loans allow the lenders to choose not to renew them after the terms of their licence expire. The resultant collapse of many commercial properties could trigger catastrophic falls in prices.
BANKS TOLD TO DISCLOSE PAY DATA City Minister Lord Myners is to force UK banks to reveal the pay of employees earning over 500,000 pounds in the form of salaries, cash bonuses, share awards, pensions and other benefits. Myners' draft proposals go further than banker Sir David Walker's previous recommendations on fiscal governance. "Most people are convinced that more disclosure is important, if we are to have real transparency on remuneration practices and effective shareholder stewardship," Myners stated in a speech to the British Venture Capital Association.
INVESTMENT COLUMN Inchcape (Hold) Interserve (Buy) Laird (Hold) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
||
| 11-03-10 | AFX UK Focus |
|
|
The Times
REGULATOR TO PUT ROGUE PRODUCTS UNDER EARLY WARNING SCRUTINY The Financial Services Authority is to scrutinise the product design and development operations of its member firms. FSA chairman Lord Turner said the regulator's new stance reflected a desire to identify problem products much earlier, rather than relying on consumer complaints. FSA chief executive Hector Sants will outline details of the new approach in a speech at Said Business School in Oxford on Thursday. The FSA also announced that it has ordered financial institutions to ensure that their balance sheets could withstand a further two years of recession.
COSTAIN SEES NUCLEAR FUTURE Engineering and construction group Costain has committed its future to the blue-chip clients that generate 80 per cent of its business, while its "community" division is to face significant reductions. Chief executive Andrew Wyllie said the nuclear power industry is among the sectors offering the greatest opportunities, adding: "The country needs to build 50 gigawatts of electricity plant over the next few years and a lot of that will come from nuclear." Annual revenues for 2009 were up 66 million pounds to 1.06 billion pounds. The group has already secured revenues of 900 million pounds for 2010.
BA LOSES FOUR SLOTS TO WIN APPROVAL FOR AA ALLIANCE The European Commission indicated on Wednesday that it will approve British Airways' alliance with American Airlines , and is expected to require that BA and AA release at least four landing slots at Heathrow or Gatwick to allow greater competition on transatlantic routes. The airlines have applied - alongside Spanish airline and potential BA merger partner Iberia
TEMPUS Inchcape (Pass) Melrose (Stick around for the next big deal)
Chime (Buy on weakness)
PRUDENTIAL ACCUSED OF 'COLD-SHOULDERING' UK INVESTORS The chief executive of UK financial services company Prudential, Tidjane Thiam, has been accused of ignoring the company's British investors in favour of courting potential foreign investors. Thiam was scheduled to meet institutional shareholders in Scotland on Friday to convince them of his plan to acquire AIA, the Asian division of American insurer American International Group, for 35.5 billion dollars. Thiam has postponed the meeting to meet investors from Singapore who represent one of the funds that have agreed to back Prudential's 21 billion dollar rights issue to fund the deal.
CITY SEES LEGISLATION RUSH AS DATE SET FOR 'PHONEY BUDGET' Financial experts have warned that the timing of the budget announcement means it will be rushed through in a few weeks when it would normally take months. Budget day is set for March 24, a week before Parliament breaks for Easter. The reduced amount of time to debate the new budget could have unintended consequences. The proximity of the budget to the election has caused some to speculate that it will be a "phoney budget", with difficult tax implementations deferred until after the election.
INVESTEC TO REPLACE RESOLUTION IN FTSE The insurance vehicle Investec is to replace Resolution on the FTSE 100 index in the London stock market's latest reshuffle. Resolution, headed by insurance tycoon Clive Cowdery, will leave the top tier for mid-cap companies on March 19 as part of FTSE Group's quarterly review, which was based on Tuesday's closing share prices. Shares in Resolution have fallen by around 20 per cent this year after being offered to investors at 100 pence in a December 2008 flotation that raised 600 million pounds to fund takeovers.
BARCLAYS' INVESTORS AGAINST US RETAIL DEAL Shareholders of UK bank Barclays have warned against the purchase of a US retail bank. Barclays is said to be considering acquiring a US retail bank in order to gain more deposit funding for the rest of its US operations which expanded greatly after it acquired collapsed investment bank Lehman Brothers. Jane Coffey, head of UK equities at Royal London Asset Management, said Barclays should have "a really good reason" for making such an acquisition before asking for shareholder support. STANDARD LIFE EYES UK MARKET FOR GROWTH UK financial services group Standard Life has said it expects Britain to be its main area of growth in the future. The group's chief executive David Nish said it plans to capitalise on British companies moving to defined contribution pension plans from final salary schemes. Nish also said he expects his company to benefit from the 2012 pension reforms that will require companies to enrol employees into a pension scheme. The remarks contrast with recent statements made by two of the company's competitors, Prudential and Aviva, who will be focusing on Asia and continental Europe respectively.
PPF LOOKS FOR MORE LUCRATIVE RETURNS The Pension Protection Fund is to invest extensively in private equity firms and infrastructure projects in an attempt to outperform its investment benchmarks to 1.8 per cent over the course of 2010. The company, which takes on the defined-benefit pension schemes of defunct businesses, was handling a combined deficit peaking at 1.2 billion pounds in the year ending March 2009. Alan Rubenstein, chief executive, highlighted the PPF's increasing portfolio worth four billion pounds, saying that it offered a good opportunity to diversify the company's assets.
QUESTOR Cape (Buy) Melrose (Buy) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
||
| 11-03-10 | AFX UK Focus |
|
|
The Times
REGULATOR TO PUT ROGUE PRODUCTS UNDER EARLY WARNING SCRUTINY The Financial Services Authority is to scrutinise the product design and development operations of its member firms. FSA chairman Lord Turner said the regulator's new stance reflected a desire to identify problem products much earlier, rather than relying on consumer complaints. FSA chief executive Hector Sants will outline details of the new approach in a speech at Said Business School in Oxford on Thursday. The FSA also announced that it has ordered financial institutions to ensure that their balance sheets could withstand a further two years of recession.
COSTAIN SEES NUCLEAR FUTURE Engineering and construction group Costain has committed its future to the blue-chip clients that generate 80 per cent of its business, while its "community" division is to face significant reductions. Chief executive Andrew Wyllie said the nuclear power industry is among the sectors offering the greatest opportunities, adding: "The country needs to build 50 gigawatts of electricity plant over the next few years and a lot of that will come from nuclear." Annual revenues for 2009 were up 66 million pounds to 1.06 billion pounds. The group has already secured revenues of 900 million pounds for 2010.
BA LOSES FOUR SLOTS TO WIN APPROVAL FOR AA ALLIANCE The European Commission indicated on Wednesday that it will approve British Airways' alliance with American Airlines , and is expected to require that BA and AA release at least four landing slots at Heathrow or Gatwick to allow greater competition on transatlantic routes. The airlines have applied - alongside Spanish airline and potential BA merger partner Iberia
TEMPUS Inchcape (Pass) Melrose (Stick around for the next big deal)
Chime (Buy on weakness)
PRUDENTIAL ACCUSED OF 'COLD-SHOULDERING' UK INVESTORS The chief executive of UK financial services company Prudential, Tidjane Thiam, has been accused of ignoring the company's British investors in favour of courting potential foreign investors. Thiam was scheduled to meet institutional shareholders in Scotland on Friday to convince them of his plan to acquire AIA, the Asian division of American insurer American International Group, for 35.5 billion dollars. Thiam has postponed the meeting to meet investors from Singapore who represent one of the funds that have agreed to back Prudential's 21 billion dollar rights issue to fund the deal.
CITY SEES LEGISLATION RUSH AS DATE SET FOR 'PHONEY BUDGET' Financial experts have warned that the timing of the budget announcement means it will be rushed through in a few weeks when it would normally take months. Budget day is set for March 24, a week before Parliament breaks for Easter. The reduced amount of time to debate the new budget could have unintended consequences. The proximity of the budget to the election has caused some to speculate that it will be a "phoney budget", with difficult tax implementations deferred until after the election.
INVESTEC TO REPLACE RESOLUTION IN FTSE The insurance vehicle Investec is to replace Resolution on the FTSE 100 index in the London stock market's latest reshuffle. Resolution, headed by insurance tycoon Clive Cowdery, will leave the top tier for mid-cap companies on March 19 as part of FTSE Group's quarterly review, which was based on Tuesday's closing share prices. Shares in Resolution have fallen by around 20 per cent this year after being offered to investors at 100 pence in a December 2008 flotation that raised 600 million pounds to fund takeovers.
BARCLAYS' INVESTORS AGAINST US RETAIL DEAL Shareholders of UK bank Barclays have warned against the purchase of a US retail bank. Barclays is said to be considering acquiring a US retail bank in order to gain more deposit funding for the rest of its US operations which expanded greatly after it acquired collapsed investment bank Lehman Brothers. Jane Coffey, head of UK equities at Royal London Asset Management, said Barclays should have "a really good reason" for making such an acquisition before asking for shareholder support. COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
||
| Date/Time | Subject | Author | ||
|---|---|---|---|---|
| 10-03-10 | ||||
|
| ||||
|
| ||||
|
Panmure Gordon reiterated their 'Buy' recommendation today, with a target price increased to 250p.
|
||||
| 10-03-10 | ||||
|
| ||||
|
| ||||
|
FOR YEAR ENDED 31 DECEMBER 2009
Melrose PLC today announces its audited results, which are reported under IFRS, for the year ended 31 December 2009. Financial Highlights¹ · Headline2 2009 Profit before Tax of £118.6 million (2008: £73.1 million3) · Headline2 2009 Earnings Per Share of 16.6p (2008: 16.1p3) · Basic Earnings Per Share after exceptional items and intangible asset amortisation of 11.0p (2008: 4.1p3) · Profit before Tax of £82.0 million (2008: £23.5 million3) · Headline2 Operating Profit margins in the second half of 2009 of 13% · Excellent cash generation, at constant exchange rates net working capital reduced by £148.3 million (over half) since FKI acquisition · Net debt of £321.7 million (2008: £543.1 million) reduced by £221.4 million. Net debt is now 1.76 x EBITDA4 · Proposed second Interim Dividend of 4.8p per share (2008: Final Dividend of 4.25p) payable on 1 April 2010 to shareholders on the register |
||||
| 10-03-10 |
BUY
Results
|
|||
|
| ||||
|
| ||||
|
Shares in Melrose Plc gain 8.5 percent, making them the top midcap gainer in London, after the manufacturing investor reports results ahead of expectations and says it is seeing recovery signs.
Altium Securities says it expects to upgrade its headline numbers by between 5 and 10 percent and will increase its target price by more than this. "The outlook statement and figures are better than expected; the only uncertainty relates to the pending acquisition that the group is keen to make." |
||||
| 01-01-10 |
BUY
New year tip
|
|||
|
| ||||
|
| ||||
|
Brewin Dolphin have tipped MRO in their 2010 new year tips.
|
||||
They have not been approved or issued by Interactive Investor Trading Limited.
Discussion Board Terms & Conditions FSA Market Abuse Fact Sheet
More...