Melrose Shares Recover, Aerospace Pressure Continues
Melrose Industries got a late bump to finish the week, up 1.7% on Friday at £4.67. The FTSE 100 edged just 0.07% higher. Even with Friday’s move, the GKN Aerospace parent is still down about 32% from the £6.85 high hit on Feb. 19. The timing adds some weight. The London Stock Exchange only trades 0800 to 1630 BST weekdays, with weekends closed. So Friday’s close is the final live price before the market opens on Monday.