UK's Melrose Industries rises on plans to restart GKN Aerospace plant
25/08/2026 08:31
BUZZ-UK's Melrose Industries rises on plans to restart GKN Aerospace plant ** Shares of aerospace components supplier Melrose Industries MRON.L up 8.4% at 501 pence, highest since May 2026
** On track for largest intra-day percentage growth since October 2024
** Co launches a claims programme of up to $100 million, for those affected by incident at GKN Aerospace factory** MRON says GKN is targeting resuming full manufacturing operations by September 28, and customer deliveries during Q4
** Co says that the Orange County District Attorney's Office has closed its criminal investigation and will not bring any criminal charges
** Up to Monday's close, stock has fallen 21.5%
(Reporting by Simone Lobo in Bengaluru)
((Simone.Lobo@thomsonreuters.com, +919920570373))
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