Melrose Industries PLC MRO
LSE · United Kingdom · Electronic Technology
GBp 467.70-8.40 (-1.76%)
Market open· · GBp · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market open· · GBp · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
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JPMorgan has cut its free cash flow forecasts for Melrose Industries PLC (LSE:MRO, OTC:MLSPF), the FTSE 100 aerospace supplier, after it announced a claims programme providing up to $100 million for eligible residents and businesses affected by the Garden Grove evacuation. The incident...
Shares jumped after GKN Aerospace set a Garden Grove restart date and Melrose put up to $100 million behind local claims.
A UK-owned aerospace firm has agreed a compensation programme of up to $100m (£73.4m) for 50,000 California residents forced to evacuate their homes in response to a chemical incident. GKN Aerospace halted production at a factory outside Los Angeles in late May after a tank overheated.
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