Melrose Industries shares rally 7.02% in strong London market session

6 articles · Updated · MarketWatch · May 6

The stock closed at £5.18 on Wednesday as the FTSE 100 rose 2.15% to 10,438.66, with Melrose outperforming the broader UK market.
Despite the gain, Melrose ended the session 24.38% below its 52-week high of £6.85 reached on 19 February.
Trading volume was 4.5 million shares, below the 50-day average of 5.3 million, indicating the rally came on lighter-than-usual turnover.

With one division soaring and the other struggling, can Melrose fix its Airframes unit to meet ambitious long-term profit goals?

Amid an aerospace boom and a labor crisis, can Melrose secure the skilled workforce needed to deliver on its massive order backlog?