Melrose Industries Share Discussion Threads

[brexitplus] 13/11/2018 09:05

GKN Powder Metallurgy Joins Forces With PostNord AB to Revolutionize Logistics for 3D Printed Parts

Collaboration Set to reduce Time-To-Market by Up to 48 Hours

GKN Powder Metallurgy, a leading innovation development partner of the manufacturing industry, today announced a partnership with PostNord AB, the leading supplier of communication and logistic solutions to, from and within the Nordic region. The partnership empowers global manufacturers to optimize their part supply chain with streamlined logistics that make it easy and fast to get parts where they need to go in the Nordic region.

[brexitplus] 13/11/2018 08:18

GOOD UK INVESTMENT IN AUTOMOTIVE FUTURE from the DT

Jaguar Land Rover backs new £1bn centre for driverless cars in Midlands

“A new “smart city mobility centre” combining autonomous and electric vehicle research in the Midlands aims to put Britain in pole position of the transport revolution.

It backs up a fresh £1bn of investment in automotive R&D announced by Lord Bhattacharyya, chairman of Warwick Manufacturing Group, the University of Warwick’s R&D centre.

“This is the biggest private investment into UK automotive R&D ever,” said Lord Bhattacharyya, who has advised the Government and Jaguar Land Rover. “The £1bn is all private sector, and will be spent at Warwick University.”

The money will come from car companies such as JLR and Tata, but also from others in the industry and tech sectors, potentially from all over the world.

The centre will draw on engineering expertise from JLR working with WMG academics. They will design and engineer vehicles capable of autonomous driving, and will also build prototype electric cars which will connect to infrastructure in the centre’s 5G network.“

GKN is already working closely with Jaguar and Liam Butterworth was highly involved with the development of autonomous vehicles at Delphi. Looks like a good match!!!

[brexitplus] 13/11/2018 07:16

13 November 2018 07:00
Trading update
Melrose Industries PLC (“Melrose̶1; or the “Group”) publishes the following trading update for the four months from 1 July 2018 to 31 October 2018 (the “Period”). All numbers are calculated at constant currency.

Melrose is trading in line with the Board’s expectations for 2018.

In the Period, Melrose has seen strong revenue growth in Aerospace and Powder Metallurgy with flat revenue in Automotive. Melrose is confident the GKN businesses offer an outstanding opportunity for value creation over the medium term.


Divisional highlights
Aerospace

Aerospace is performing well, revenue was up over 6% on last year in the Period and good progress has been made on margin including improvement in the performance of North America. With an experienced and incentivised management team, the Aerospace business is making the improvements necessary to achieve the acquisition objectives.

Powder Metallurgy

This business has achieved revenue growth in the Period of 9% compared to last year with improved margins. This good momentum gives confidence that the 14% margin target can be achieved in the medium term.

Automotive

In the Automotive division, revenue has been flat in the Period compared to last year despite some well publicised industry factors. Consistent with previous reporting periods, margin was lower but Melrose remains confident that operational improvements identified on acquisition are achievable and will positively impact performance in 2019 and beyond.

Liam Butterworth was appointed CEO of the Automotive division on 5 November 2018. He is assembling a new management team from internal and external sources to significantly enhance the performance of the business.

Nortek Air & Security and Other Industrial

Nortek Air & Security has achieved broadly flat sales compared to last year in the Period. The effects of U.S. tariffs in these businesses are materially confined to Security and Ergotron in respect of their factories based in China, and thus tariff issues for these businesses should not have a material effect on the Melrose Group.


Net Debt
Net debt and cash generation are in line with the Board’s expectations.

Melrose will be presenting its full year results on 7 March 2019, and hosting a Capital Markets Day in London on 3 April 2019 focused on the Aerospace and Automotive divisions.

Christopher Miller, Chairman of Melrose said:

“Melrose has a proven business model, which has been successful over many years and through several economic cycles. We are confident that there is an outstanding opportunity to make significant and lasting improvements to the performance of the GKN businesses. Whilst certain end markets may be unpredictable, the Group is on track to meet our expectations for this year. We are excited by the future prospects of the Group and look forward to delivering significant value for shareholders.”

[meanwhile] 11/11/2018 23:19

Getting to know you, putting it my way, but nicely,
You are precisely, my cup of tea.

[gettingrichslow] 11/11/2018 23:10

'I'm happy to read any opinion' says the bloke who clearly wasn't happy to read any opinion only a few days ago!

[meanwhile] 11/11/2018 22:23

This is the difference between me and you, getting; I’m happy to read any opinion while you prefer to mess yourself and wallow in your own excrement.

[minerve] 11/11/2018 22:18

Oh, the socialism, it is too much for the poor fellow to withstand. Don't worry getting, we will not becoming after your BMW 5 series. LOL

Isn't it sad when such material things mean so much to full grown adults.

[gettingrichslow] 11/11/2018 22:11

I think I'd rather mess myself than read any more left wing propoganda from the one who reckons he 'founded a LSE company'

[meanwhile] 11/11/2018 21:45

If there’s a strong fart smell and you are alone, it means you’ve messed yourself.

[minerve] 11/11/2018 21:21

A capable fellow is our friend getting isn't he! LOL

Yeah, as capable as, mmmmm, perhaps, a fart in a lift? ROFLMAO!

[gettingrichslow] 11/11/2018 21:17

A strong smell of fart is around again...need to get the air freshener out.

[yertiz] 11/11/2018 18:46

PTSD is a huge issue for Medics serving in war zones. Inner city is not much different As you say, we see the results of combat, land mines, friendly fire which can be devastating both physically and psychologically. Immunity is not guaranteed because of the Red Cross on your uniform, the Dr as your title or the green paramedic uniform you wear.

I and many of my colleagues suffered as a result to varying degrees. Now PTSD comes under the umbrella of mental illness and support for the condition is much more accessible than ever it was after the Falklands. Took me years to get back to normality but even today there remain vestiges of the experiences.
During the Great War there was no understanding or treatment, soldiers were shot as cowards for suffering from shell shock. Horrendous.

[brexitplus] 11/11/2018 16:36

Yertiz

Looked at the library catalogue. Only “For friend & foe: Britain's frontline medic in the fight for the Falklands” is available so have reserved it.

There have been numerous programmes on forces medics that I have seen. Also Hedley Court. What I think needs putting in perspective is that soldiers, for instance, see the casualties in their own engagement. For the medics there is a stream of casualties from different units with terrible injuries that they have to deal with.

[yertiz] 11/11/2018 16:21

Poignant and hugely respectful Remembrance parade in our town. Time to reflect on friends and colleagues lost in war, those who laid down their lives so we have freedom of choice, speech and can live in a democractic society.
Take a read of Rick Jolly’s ‘Red and Green Life Machine’ for the accounts of a modern day hero doctor. Honoured and very privileged to have known and worked with the man. Sadly passed away earlier this year.

[meanwhile] 11/11/2018 16:18

The British legion Reports & Accounts are interesting reading. 2017-8 is not yet published but below are the figures for funds raised in the year 2016-7.

THE ROYAL BRITISH LEGION ANNUAL REPORT & ACCOUNTS, YEAR ENDED 30 SEPTEMBER, 2017

WHERE THE MONEY COMES FROM
Funds Raised - £ MILLION

The Poppy Appeal 49.2
Donations, legacies and events 46.8
Lotteries and trading 21.7
Fees charged to care home residents 16.6
Grants received for welfare services and Remembrance 13.1
Membership subscriptions 5.2
Investment income 6.0
Other 0.6

TOTAL INCOME £159.2M

£159.2M is a considerable sum, only 20% short of the £200M the Melrose Board paid out to just 4 bosses in bonus payments earlier this year.

[brexitplus] 11/11/2018 15:51

Hi Yertiz, hope your parade went well and the weather was kind. I was reading about soldiers killed in the Great War and discovered that the only person to be awarded the Victoria Cross twice in that conflict was Captain Noel Chavasse, a doctor.

The first citation read in 1916

“For most conspicuous bravery and devotion to duty.

During an attack he tended the wounded in the open all day, under heavy fire, frequently in view of the enemy. During the ensuing night he searched for wounded on the ground in front of the enemy's lines for four hours.

Next day he took one stretcher-bearer to the advanced trenches, and under heavy shell fire carried an urgent case for 500 yards into safety, being wounded in the side by a shell splinter during the journey. The same night he took up a party of twenty volunteers, rescued three wounded men from a shell hole twenty-five yards from the enemy's trench, buried the bodies of two officers, and collected many identity discs, although fired on by bombs and machine guns.

Altogether he saved the lives of some twenty badly wounded men, besides the ordinary cases which passed through his hands. His courage and self-sacrifice, were beyond praise.”

His second citation in 1917 read

“His Majesty the KING has been graciously pleased to approve of the award of a Bar to the Victoria Cross to Capt. Noel Godfrey Chavasse, V.C., M.C., late R.A.M.C., attd. L'pool R.

For most conspicuous bravery and devotion to duty when in action.

Though severely wounded early in the action whilst carrying a wounded soldier to the Dressing Station, Capt. Chavasse refused to leave his post, and for two days not only continued to perform his duties, but in addition went out repeatedly under heavy fire to search for and attend to the wounded who were lying out.

During these searches, although practically without food during this period, worn with fatigue and faint with his wound, he assisted to carry in a number of badly wounded men, over heavy and difficult ground.

By his extraordinary energy and inspiring example, he was instrumental in rescuing many wounded who would have otherwise undoubtedly succumbed under the bad weather conditions.

This devoted and gallant officer subsequently died of his wounds.”

He also won the Military Cross in 1915.

What a man, what a hero.

[meanwhile] 11/11/2018 10:41

Thanks, Minerve.

[minerve] 11/11/2018 10:28

MEANWHILE

You might like this. I like it because it was written by a soldier.

"If you are able,
save for them a place
inside of you
and save one backward glance
when you are leaving
for the places they can
no longer go.
Be not ashamed to say
you loved them,
though you may
or may not have always.
Take what they have left
and what they have taught you
with their dying
and keep it with your own.
And in that time
when men decide and feel safe
to call the war insane,
take one moment to embrace
those gentle heroes
you left behind "

Major Michael Davis O'Donell
1 January 1970
Dak To, Vietnam

[meanwhile] 11/11/2018 10:21

I've just read Minerve's latest post, 6592. I hope I understand what he's saying and, if so, then I have some agreement. There is a great deal of hypocrisy.

We should remember the great war and our servicemen who fell during it, but maybe we should remember others, not just them, and not just today. The establishment of our country are very good at National Commemorative events, although I believe the French are even better, and most people are happy to just go along with it. We build up to the event over several weeks or months, organise all the pre-publicity, TV, lapel badges, mugs, arrange collections of money, possibly have street parties; then we have the event, we've done our job, the next day it's forgotten and we're buying Wayne Rooney's new shirt, at £45 with £10 going to him.

There are many other parties, including more recent armed forces and other servicemen and their families, who need help all year round.

Mrs May and her small band of pathetic lapdogs, are commemorating the 100 years anniversary in their own unique way. Despite not being able to rent the railway carriage, they are attempting to reproduce the armistice event by giving the Germans and French £40B in reparation for the damage we've done and by signing an agreement to put us under their control for the foreseeable future.

[minerve] 10/11/2018 22:34

I will be glad when tomorrow is done with. Too much hypocrisy going about for my liking. The chimps want to remember whilst at the same time gloat over creating divisions.

Honestly, it would be laughable if it wasn't real life.

[brexitplus] 10/11/2018 22:19

I vow to thee, my country, all earthly things above,
Entire and whole and perfect, the service of my love:
The love that asks no question, the love that stands the test,
That lays upon the altar the dearest and the best;
The love that never falters, the love that pays the price,
The love that makes undaunted the final sacrifice.

And there's another country, I've heard of long ago,
Most dear to them that love her, most great to them that know;
We may not count her armies, we may not see her King;
Her fortress is a faithful heart, her pride is suffering;
And soul by soul and silently her shining bounds increase,
And her ways are ways of gentleness and all her paths are peace.


We will remember them

[minerve] 10/11/2018 21:10

Group hug folks. Group hug. LOL!

[minerve] 10/11/2018 21:09

Oh look, it's country bumpkin Yertiz from down South. Another old fart living in his old naval days. And what has he done that was successful in his life that is of note? Like Brexitnumpty, and gettingnowhere - absolutely zip!

So they are green with envy about Minerve. Green little hobbits, pretending that they still have a contribution to society. In reality, it is sad I know, they haven't. Time has moved on and they have been forgotten.

ROFLMAO!