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
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.'