London's FTSE 250 was up 0.7% to 19,458.55 in afternoon trade on Wednesday. Turnaround specialist Melrose Industries - which has launched a £7bn hostile bid for GKN - was in the black after releasing a response to GKN's earlier statement outlining its Project Boost strategy to return up to £2.5bn to shareholders over the next three years. It said the project announcement was a "stark admission" of GKN's underperformance over many years, and a validation of its own diagnosis. It asserted that, ...Den vollständigen Artikel lesen ...