Melrose Industries says trading in line, seeking another acquisition

Melrose Industries said on Thursday that current trading is in line with expectations.

As stated in the year-end results in March, Nortek continues to improve its performance and the power generation market remains difficult for Brush, the company said in a very brief update.

"The Melrose board is seeking another acquisition to create further value for shareholders and is confident of finding a suitable opportunity in due course."

At 1015 BST, the shares were up 0.7% to 241.41p.