Melrose Industries is trading at £455.50, down 4.11%, as broad aerospace and defence weakness weighs on shares.
- Reuters reported the sector fell 4.1%; Rolls-Royce and French peer Safran were also sharply lower.
- Safran’s warning about softer wide-body jet-market growth was cited as pressure on Rolls-Royce. Reports reviewed identified no new company-specific catalyst for October 23.