Explosion fears at Melrose's GKN Aerospace plant trigger evacuation of 50,000 California residents

Melrose Industries PLC (LSE:MRO, OTC:MLSPF) sought to reassure investors after a chemical incident at a GKN Aerospace facility in California triggered mass evacuations and warnings from emergency crews that a storage tank risked exploding. Authorities said the wider crisis was not yet over, however, warning there remained a risk of a smaller explosion or chemical leak.