The boss of engineering giant Melrose today called for “less negativity and more positivity” among investors as the aerospace to automotive group reported sales came in at the top end of expectations over summer.
While chief executive Simon Peckham admitted its aerospace business was “basically going nowhere” until travel restrictions were lifted, sales of parts and components into the car industry had bounced back strongly, particularly in North America and China.
Citing the adage that market sentiment is about the balance of greed and fear, he said: “We are trying to say to the market we should give up a little on the fear and get a little bit more of the greed.”
He said: “North America is starting to see a strong recovery. The North American consumers are buying cars again. And China is ahead of last year.
“I don’t have a crystal ball, but at the