Melrose Industries is making a renewed effort to offload another part of its GKN acuisition, it was reported over the weekend.
The FTSE 100 group, which looks to turn around acquisitions under its 'buy, improve, sell' business mantra, is looking to get up to £100m for GKN Wheels, a maker of tractor wheels, the Sunday Times reported.

Annual results from Melrose are due on Thursday, with analysts at UBS expecting an updated restructuring plan from the new leadership of GKN and some signs of sharing the benefits already generated.

“Investment plans are being put in place to maximise development of eDrive, aerospace opportunities, additive manufacturing and margin enhancements.”

Sharecast