Melrose Industries says trading in line, seeking another acquisition
Melrose Industries said on Thursday that current trading is in line with expectations.
Industrial Engineering
11,826.25
15:44 15/11/24
-0.36%
-43.28
Melrose Industries
484.70p
15:45 15/11/24
-3.56%
-17.90p
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.