UK's Melrose Industries sinks after warning of costs from plant incident
31/07/2026 08:33
BUZZ-UK's Melrose Industries sinks after warning of costs from plant incident ** Shares of aerospace components supplier Melrose Industries MRON.L down as much as 13.7% at 409.9 pence, top loser on London's FTSE 100 .FTSE
** Co expects additional costs of £25 million to £30 million H22026 after an incident at its Garden Grove facility** Co pauses £175 million share buyback programme pending clarification on financial impact from incident
** Up to Thursday's close, stock had fallen 19.2%, compared with a 9.73% YTD increase in FTSE 100
(Reporting by Simone Lobo in Bengaluru)
((Simone.Lobo@thomsonreuters.com, +919920570373))
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