Peter Dilnot may be quietly satisfied at the performance of the Melrose share price on his watch and especially since it became a focused international aerospace and defence company last April.
It was then that GKN Aerospace was formally split away from GKN Automotive, the two arms of the grand old dame of British engineering, which after a period of flatlining non-performance, got itself taken over in 2018 after a bad-tempered hostile approach from Melrose Industries, the acquisitive conglomerate.
Since the spinout of the GKN Automotive business into the separate listed company now called Dowlais, Melrose, which is GKN Aerospace in all but holding company name and now a one-trick pony, unfettered by the conglomerate tag, has seen its shares soar 71 per cent.
It
