Melrose kicks off GKN break-up with £1.9 billion sale of powder metallurgy division. Melrose Industries (MRO) is courting bidders in a multi-billion sale of the best-performing part of GKN, the historic engineer the turnaround company acquired less than six months ago in a hostile takeover.
Stagecoach on track for fiery AGM clash over executive pay. Stagecoach Group (SGC), the transport giant, is braced for a fiery AGM with its calamitous handling of the East Coast rail franchise fresh in the memory of shareholders
Tetley bears the brunt as Tesco cuts the big brands to promote its own-label produce. Tesco (TSCO) has cleared its shelves of Tetley tea ranges as it ploughs ahead with promoting its own-label produce and trendier brands. Tetley, which traces its roots back to 1822 in Huddersfield and is owned by Indian group Tata, has seen around 16 lines axed from Tesco’s shelves.
