Aerospace and defence - LSE - Mcap: £6bn - Price: 490p - Flash
MELROSE INDUSTRIES
H224 PROGRESS IN LINE WITH GUIDANCE
Melrose Industries’ H224 trading has been in line with management’s expectations despite the volatility in the civil aerospace market, highlighting the strength of the business, in particular in the aftermarket. As 2024 draws to a close and investors look to focus increasingly on FY25, Melrose’s valuation becomes increasingly attractive.
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