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Writer's pictureAdam Strydom

Clarity on GTF Helpful for Investors

The announcement about the expected impact of the GTF engine programme, in which MELROSE INDUSTRIES PLC has a 4% share, removes an uncertainty from the shares. The expected cost of £200m equates to 14p a share. While material at 2% of Edison Group’s valuation, it should not detract from the underlying attractions of a focused group serving the rapidly recovering aerospace market





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