Melrose CEO Simon Peckham sells 2m shares

Melrose Industries slumped on Thursday after chief executive officer Simon Peckham sold 2m shares in the company - half his shareholding - at 524.5p "as a result of a change in personal circumstances".

Peckham still holds just over 2m shares, or a 0.2% interest, and "has no current intention to sell any further shares", Melrose said.

At 0835 BST, the shares were down 2.9% at 509.40p.