25 August 2026 - 507p
We last commented on Melrose at the end of July when the share price was 455p. Although the interim results were strong, the short term outlook was rather uncertain due to the incident at the Garden Grove facility in California. Today the company has announced that it intends to re-open the facility by the end of September. The official investigation into the incident has now been closed with no criminal charges being brought. A claims programme will be launched to provide up to $100m for residents and businesses who suffered . . .
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