Melrose shares drop as buyback rolls on, with results around the corner
Melrose Industries shares fell 2.3% to 666.4 pence in early London trade after the company disclosed a buyback of 88,866 shares on Feb. 18. The stock opened below Wednesday’s close of 681.8 pence, with traders awaiting full-year results due Feb. 27. Citi raised its price target to 7.63 pounds.
