Following good results in March there has been consistent price rises and decent volumes going through ,

any one else following them , I am a holder since FKI , so glad to see any good news ,

StockMarketWire.com
Melrose Industries' ownership percentage of GKN has increased to 94% and is expected to reach 100% in June 2018.

Further guidance on future plans for GKN will be given at the Melrose half year results announcement in the first week of September.

The board intends to review the existing Melrose remuneration arrangements and expects to consult with shareholders in the coming months.

Within Nortek, Air Management has continued to invest in new product development programmes which are expected to result in product launches over the next year as well as improving order pipelines.

Security and Smart Technology recently acquired IntelliVision for $35 million, a US company that develops and implements video and artificial intelligence analytics technology. This acquisition gives Security and Smart Technology access to a range of recognition and detection analytics.

A lower margin contract manufacturing arrangement winds down this year with sales of approximately $150 million in 2017. The company has retained the higher margin sensors associated with this arrangement of roughly $40 million and is replacing the balance with other products but the rollout of these has been slower than expected.

Ergotron is at the initial stages of a sale process, with US corporate tax likely being due on the excess of the sale price above $350 million.

Foreign currency movements are creating a headwind for 2018. If exchange rates stay as they were at the end of April, for the balance of the year this will cause a headwind of approximately 11% to the Nortek results.

StockMarketWire.com
Engineering group Melrose Industries said it was trading in line with its expectations for 2018, with revenue growing in its aerospace and power metallurgy divisions but remaining flat in automotive.

In a trading update for the four months through October, Melrose, which recently acquired rival GKN, said aerospace was performing well, with revenue up over 6% on-year.

Good progress had been made on margin,including improvement in the performance of North America, it added.

Power metallurgy revenue grew 9%, with improved margins, giving the company confidence that a 14% margin target could be achieved in the medium term.

In automotive, margins shrunk as revenue remained flat. Melrose, however, said remained confident that operational improvements were achievable and would improve performance in 2019 and beyond.

'Melrose has a proven business model, which has been successful over many years and through several economic cycles,' chairman Christopher Miller said.

'We are confident that there is an outstanding opportunity to make significant and lasting improvements to the performance of the GKN businesses.'

'Whilst certain end markets may be unpredictable, the group is on track to meet our expectations for this year.'

'We are excited by the future prospects of the group and look forward to delivering significant value for shareholders.'