Melrose Plc (MRO.L) provided interim management statement for the period from July 1, 2012 to November 15, 2012.
The company noted that trading for the Group is in line with expectations for 2012. However, especially in the last few weeks, slower trends for certain businesses are noticeable compared to those seen in the first half of the year.
Also, acquisition of the Elster Group was completed successfully in the period and the process of improving its performance is well underway. The Melrose Board remains confident about the prospects for delivering significant shareholder value over the medium term from this acquisition.
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