Company
IMI
LON:IMI
IMI is a dynamic, worldwide company delivering innovative engineering solutions to leading global customers in clearly defined niche markets.
81 stories
IMI turns up dial on earnings guidance and buys smart-thermostat specialist
Organic revenue growth in the past quarter accelerated to 4% compared to 3% at the half-year stage
IMI to acquire Germany's Bahr Modultechnik for £83mln
Bahr is majority owned by IK Partners and will be part of IMI Precision Engineering's industrial automation unit, providing IMI with pneumatic and electric linear motion systems
Live Company experiences boost as two new contracts signed
A look at some of the major movers in London on Friday
IMI splashes out £200mln on life sciences sector addition
The acquisition is intended to be earnings accretive while delivering a financial return in excess of IMI’s capital cost by the third year, the company said.
IMI shares at all-time highs but HSBC sees 20% more upside as growth improves
The engineer’s better than expected growth in the past year suggests its new initiatives are delivering the growth that has “been missing from the story for at least a decade”, analysts said
IMI performance is 'something of a landmark', says JPMorgan
Could this latest update from the engineer, as one set of analysts suggested, change how investors think about the stock?
Dividends back rising again as Covid-19 restrictions ease
With the banks allowed to pay out again, Link has raised its worst-case estimate
IMI gets another upgrade as Credit Suisse sees further upside
As long as management continue delivering against expectations this will be “an important foundation from which the stock can re-rate”
IMI upped to buy as Liberum eyes margin expansion following restructuring
The broker also said they expected the engineering firm's earnings to "greatly improve" as a result of structural cost savings and pricing improvements
IMI upped to overweight as JP Morgan says investment case compelling following challenging period
The bank said while it is “impossible to ignore the disappointing share price and headline financials” for the FTSE 250 engineering group, there has been some mitigation and there were now “indicators of potential upside for the coming year
IMI says third quarter trading somewhat better than expected following ventilator demand surge
The engineering group said it now estimates the one-off full year benefit from the jump in ventilator demand will now be £85mln compared to a previous estimate of £70mln
IMI jumps as it reinstates dividend after resilient performance in first half
The engineering group said lower volumes across most of its businesses had been partly offset by a “temporary surge” in sales of ventilator components
Coronavirus: IMI warns investors of first half revenue drop due to Covid-19 outbreak
If the global health crisis gets no worse, IMI anticipates that first half revenues will at least be lower than in the same period last year.
Morgan Stanley downgrades IMI to ‘equal-weight’ but ups target
The target was upped to 1,200p from 1,160p as the FTSE 250-listed firm announced plans to improve margins
IMI to expand into pharmaceutical sector with US acquisition
PBM enjoys strong distributor and representative relationships - particularly within its main US markets.
IMI sees no sign of upturn this year
The Industrial Automation division was the only sickly child of the IMI family
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Vodafone and Rightmove to dominate on Friday
Fridays can sometimes be quiet affairs in the Square Mile, but there’s a handful of things for investors to feast on this week
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ITV investors hope for Love Island boost amid tough ad market
The week ahead includes updates from ITV, Unilever, Rightmove, Diageo, Marston's, IG Group, National Express, GSK and AstraZeneca
Valve maker IMI cuts guidance for Precision Engineering division
IMI still expects to hit full-year targets, although it has seen slowing demand in its Precision Engineering business in the early stages of 2019
Investments and investor services
FTSE 100 closes in the red as markets sink on growing trade war fears
In Europe, the German DAX tanked 206 points, while the French CAC 40 is down around 104
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BT Group will be in City spotlight on busiest day of the short week
Thursday's preview includes BT Group, Superdry, Morrisons, Barratt Developments, and RSA Insurance.
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BT to take centre stage as it reports full year numbers with dividend in focus
The week ahead includes updates from BT Group, Superdry, Morrisons, ITV, IAG, Barratt Developments, Direct Line, RSA Insurance and Imperial Brands
IMI announced CEO succession as revenues and profits rise
"Choosing to leave IMI has been a tough decision, but the time is now right to hand over to a successor to continue the Group's development,” Mark Selway said
FTSE 100 closes down on week but higher on Friday as trader optimism returns
Footsie closed the day 32 points up, or 0.45% at 7,106
IMI on track but sees increased volatility
Nine months revenues are 5% higher than a year ago, said the FTSE 250 engineer
Investments and investor services
J Sainsbury and retailers to be among highlights amid busy Thursday schedule
Sainsbury, Superdry and Burberry are among the names in the diary for Thursday.
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Trump mid-term test and US rate decision to give week ahead a Trans-Atlantic twist
Aside from the US elections and Fed policy meeting, updates from UK blue-chip retailers J Sainsbury, Wm Morrison Supermarkets and Marks & Spencer should draw the most attention in the coming week
Hardware & electrical equipment
Exane BNP Paribas analysts reckon Spectris could be the next GKN
Analysts at the French investment bank think Spectris would be an “attractive takeout candidate”, given their belief that a buyer could come in and turn it around reasonably quickly
Bodycote and IMI downgraded by Liberum as broker forecasts “sharp correction” in Capital Goods sector
In its sector valuation, the broker said that its ECI had fallen from a peak above 1.2 to below 1.1, an indicator it said was “a key sector sell signal”
IMI downgraded by Liberum on valuation grounds as upside expected to shrink
Analysts at the broker said that they saw “limited potential upside” from IMI's Precision Engineering arm, which accounts for 60% of the group’s earnings
Archive
BP may have already given a results spoiler, but there will be plenty else to digest on Tuesday
Aside from the oil giant's second-quarter numbers, results are also due from the likes of Centrica, Standard Chartered, Taylor Wimpey, Just Eat, and Greggs
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Banks in the foreground as the BoE and Fed make rate decisions; Barclays, Lloyds, RBS all report results
Aside from the raft of banking numbers in the Week Ahead, the likes of BP, Centrica, Next, Rolls-Royce, BAE Systems and Taylor Wimpey will also continue the FTSE 100 reporting splurge
Morgan Stanley boosts IMI with upgrade to ‘overweight’ but blights Rotork with the reverse move
The US investment bank’s analysts pointed out that IMI “has overshot to the downside, with a derating driven by concerns on PowerGen, short cycle risks & Hydronic execution”
FTSE 100 closes in red as resource stocks lag and Brexit debate goes on
With the Trump-Kim meeting and various pieces of economic data behind us, all eyes are turning to Parliament, which is set to vote on amendments to the EU Withdrawal Bill today and tomorrow
MTI Wireless shares fall as it reports decrease in revenues and profit
A look at some of the top risers and fallers in London on Monday
IMI revenues inch higher as reorganisation continues
Organic revenues for the three months were 2% higher with 3% growth overall
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Glencore reports first quarter production in wake of freeze orders served on DRC assets
The day ahead includes quarterly updates from Glencore and Smith & Nephew
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Asia to drive quarterly earnings growth at HSBC and Standard Chartered
Another busy week of earnings from FTSE 350 companies awaits
IMI tumbles on mixed outlook
Organic revenues will rise a little in the first half of 2018
REACT Group plc cleaning up after another contract win for major hospital
Proactive takes a look at some movers and shakers throughout the day in London
Investments and investor services
FTSE 100 suffers triple-digit fall as investors fret over a trade war coinciding with Brexit
Fears of a trade war have rattled investors, with minerals companies particularly hard hit
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LSE to report rise in profits but faces questions over future leadership after CEO's departure
The day ahead includes full year results from the London Stock Exchange, Mondi, Spire Healthcare and IMI
FTSE 100 firmly in red as EU cuts growth forecasts for UK
After a bullish run over the past few months, European and US markets endured a rare off day on Thursday
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AstraZeneca's results: focus will be on the pipeline and recovery options for the MYSTIC trial
Will Astra get into the MYSTIC? The company said not all hope was lost for its lung cancer trial, which flunked in the summer
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M&S and Sainsbury's take centre stage as BoE interest rate hike excitement dies down
The week ahead includes earnings from M&S, Sainsbury's, ABF, Direct Line, Wetherspoon and AstraZeneca while macro-economic announcements will be thin on the ground
IMI shares plunge as it warns oil price slump will hit second-half revenue
IMI expects full year 2017 results will be "modestly above" current market expectations
FTSE 100 fagged out as US Food and Drug Administration targets nicotine levels in cigarettes
Despite the beating meted out to IMPs and BATs, the Footsie rallied in the last half hour to trim its heavy losses
Archive
BT Group update eyed after regulatory reprieve; legacy issues key for Barclays
Day ahead: First quarter update from BT Group PLC, second quarter results from Barclays PLC ...
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Lloyds and Barclays to dominate manic week of corporate earnings
Week ahead: Lloyds, Barclays, AstraZeneca, GlaxoSmithKline, Sky, Reckitt Benckiser
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Proactive news round-up: Directa Plus, Alliance Pharma, Sound Energy...
A glance at some of the stories on the Proactive newswire today
Gem Diamonds shares sparkle as it recovers 80 carat diamond in Africa
Gem Diamonds, Concha and MySquar are among the top small cap risers while Asian Growth Properties, Torotrak and Photonstar Led slumped
Hardware & electrical equipment
Stadium Group appoints group finance director
The board thanked Andrew Tonks for his work as interim finance director over the last few months
FTSE 100 closes higher as UK services data provides cheer
The FTSE 100 ended up 13.57 at 7,248 as investors weigh economic data and corporate earnings
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Cash flow in focus as Royal Dutch Shell releases results on Thursday
Royal Dutch Shell and supermarket retailer Morison set to be among Thursday's highlights.
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HSBC may struggle to match rivals
HSBC is the last of the big four banks to report with more uncertainty over the outcome than for its UK-centric rivals.
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Day ahead: McCarthy & Stone expected to report subdued performance
The market will be interested on comments about margins and incentives costs
FTSE 100 shares end softer but smaller caps gain
FTSE 100 ended softer on Thursday following sharp falls by Sage Group and Unilever, while mid- and small-cap stocks gained
AstraZeneca a highlight for a busy City schedule for Thursday
AstraZeneca, Vedanta, Halfords, and SuperGroup were among those in Thursday's diary.
Week Ahead: US election takes centre stage
Aside from the election, several UK retailers have results due next week
PREVIEW: Big four sales fall bodes ill for Morrisons
Aldi, Lidl and the Co-op continue to take market share away from the Big Four
Royal Bank of Scotland to unveil eighth year of losses
State-owned bank to take £2.5bn hit from PPI and other scandals
Week Ahead: Banking season arrives
It's a heavy week for trading updates, with the banks to the fore
Risers & Fallers: IMI, Kingfisher, Lloyds Banking Group, Lookers, Ophir Energy, Unite Group
MX Oil could sell its Nigerian investments for a sum that is - or was - more than the market capitalisation of the whole company
Investments and investor services
Alliance Trust hires Lord Robert Smith as its new chairman
He replaces former chair Karin Forseke, who left at the start of the New Year
Investments and investor services
Stagecoach upgraded after ‘overreaction’ to outlook
Stagecoach, Intertek, IMI, Lancashire Holdings, and St James Place were all in Thursday’s broker spotlight.
Archive
Brokers: Rolls and BAE put engineers centre stage
Pearson, Weir, Sirius Minerals, AdEPT Telecom also feature
Investments and investor services
Risers & Fallers: Auto Trader, Oilex, Kennedy Ventures, Reach4Entertainment, North River
Below are the main news-driven share price movements at 4pm.
Thursday's agenda: Burberry looks to steady after China woes
Burberry and Rolls Royce catch the eye on a busy Thursday
Week Ahead: TalkTalk has some explaining to do
There are bigger companies reporting this week, such as Sainsbury's, Prudential, SABMiller and Rolls-Royce, but few will command as much coverage as TalkTalk,
Investments and investor services
Friday's agenda: Lloyds Banking hoping to draw line under mis-selling
Lloyds updates, as it hopes to be rid of the tax-man on its shareholder register soon, while BG reports as it hopes to become part of Royal Dutch Shell.