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Chip shortage muddies outlook for Melrose’s automotive arm

Aviation arm reports stronger trading in the three months to September 30
Chip shortage muddies outlook for Melrose’s automotive arm

 

  • Semiconductor shortage continues to dog supply chains
  • MIxed bag among Melrose's different divisions as aerospace improves

Melrose (MRO) saw its share price edge lower after the engineering company issued a mixed trading update stating that its aerospace business continues to improve but the automotive arm faces ongoing disruption caused by a lack of semiconductors.

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