Melrose Shares Slide After H1 Profit Shock and California Incident Forces Buyback Pause
Melrose Industries shares fell sharply after the company reported a steep decline in pre-tax profit for the first half of 2026 and disclosed further costs tied to an overheating chemical tank event at a GKN Aerospace facility in Garden Grove, California. The firm also suspended a previously announced £175 million share buyback, removing a key sourc…