Company
Johnson Matthey PLC
LON:JMAT
Johnson Matthey's principal activities are the manufacture of autocatalysts, heavy duty diesel catalysts and pollution control systems, catalysts and components for fuel cells, catalysts and technologies for chemical processes, fine chemicals, chemical catalysts and active pharmaceutical ingredients and the marketing, refining, and fabrication of precious metals.
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Johnson Matthey scrapes decade low ahead of interims, despite interest from Standard Industries
The catalyst maker saw US industrial giant Standard Industries become its largest shareholder in September
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Fuller Treacy Comment of the Day - Scottish Mortgage Writes Down Private Company Holdings by 28%, and more...
Comment of the Day17th May 2023Eoin TreacyMay 18Video commentary for May 17th 2023A link to today's video commentary is posted in the Subscriber's Area.Some of the topics discussed include: USA CDS peak, stocks firm, bonds decline, banks fi
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FTSE 100 ends the day level as PMI data out of Europe improves
The blue chip index off its best as UK suffers worst economic decline since financial crisis apart from during pandemic
Johnson Matthey agrees deal to explore hydrogen and other decarbonisation options for China
Active discussions have started about hydrogen technologies, fuel cells, and decarbonisation
Johnson Matthey gets government support for new £80mln UK gigafactory
The new plant will sited on JM's existing Royston site
Johnson Matthey agrees to sell part of Battery Materials business to Australia’s EV Metals for £50mln
Johnson Matthey will also receive a minority equity stake in EV Metals
Johnson Matthey invests in electrolysis specialist Enapter as part of green hydrogen deal
AEM electrolysis is designed to be more efficient than alkaline electrolysers
Johnson Matthey cautious about geopolitical uncertainty, optimistic about hydrogen potential
Longer term, the company expects the war in Ukraine to "drive a significant acceleration towards a net zero carbon economy, with corresponding investment to position us for the significant growth opportunities from our sustainable technolog
Johnson Matthey sells Health business to Altaris for £325mln
Johnson Matthey sells Health business to Altaris Capital Partners for £325mln
Tata Chemicals in talks to buy battery materials business of Johnson Matthey for US$500-700mln - reports
Tata is one of the frontrunners to buy the business from the FTSE-100 chemicals group
Johnson Matthey posts loss after battery metal exit
Advanced Glass is being sold for £178mln while talks are ongoing over the health division
Johnson Matthey interims will be met with low expectations, good news is needed on Wednesday
JMAT has already tipped off investors that results will be at the low end of guidance.
Investors will be hoping Johnson Matthey has good news on the way
"Johnson Matthey really needs to deliver some good news," analyst Nicholas Hyett said in a note.
Johnson Matthey break-up looks likely, Berenberg believes
“We would speculate that the splitting from battery materials will put the company on course for another set of break-ups to extract value,” Berenberg said.
Electric vehicle adoption could slow unless governments incentivise investment in lithium mines, says GlobalData
The move to greener forms of transport could be hampered by rising prices for the lithium-ion batteries used in EVs
Johnson Matthey warns on profit as it announces CEO resignation and exit from battery materials
The company said the outlook for the year to March 2022 is towards the lower end of market expectations due to supply chain woes and labour shortages
Green hydrogen versus blue hydrogen (and turquoise and grey hydrogen) - an explainer
Backed by government 'roadmaps' to get to net zero, investment in hydrogen is rising fast
Johnson Matthey says current year has started well
Full-year pretax profit fell 22% to £238mln with the second half contributing about 89% of the total
Johnson Matthey, Plug Power team up to develop better performing hydrogen electrolyser technology
The pair aim to build a system that is more durable, better performing and more energy efficient than systems available today
Johnson Matthey agrees deal to build battery materials plant in Finland
The group has also secured a long-term supply of raw materials with Nornickel and SQM
Johnson Matthey to launch review of health business as profits rebound
Profits will be close to £500mln or the top end of market forecasts
Johnson Matthey trims dividend as profits hit by lower catalyst demand in pandemic
The board has approved an interim dividend of 20p per share, compared to 24.5p this time last year
Johnson Matthey hails hydrogen potential while world burns
The catalyst manufacturer has been “a leader in hydrogen for many years”, it said ahead of an online seminar today
Johnson Matthey says sales materially below last year due to lower auto demand
China had driven a recovery in automotive production, while in Europe and the US there has been “a steady ramp up in demand”
Johnson Matthey could face global supply glut by time of eLNO launch, warns analyst
The analysts also said the catalytic converter division is sure to be hit by lower automotive production over the short- to medium-term
Dividends divided: is the income tide turning?
So far this year 48 FTSE 100 companies have cut or suspended shareholder payouts compared to 47 that have kept or increased their returns
Johnson Matthey cuts dividend and plans 2,500 job cuts amid coronavirus uncertainty
The maker of catalytic converters saw a £60mln impact from the effects of the coronavirus pandemic
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Johnson Matthey to reveal catalytic impact as pandemic stalls new car sales
Babcock International and Talktalk Telecom are also among the notable names in the corporate diary for Thursday
Johnson Matthey and Victrex downgraded to ‘hold’ as Liberum predicts two-year recession for auto chemicals market
The broker said forecasts for a ‘V-shaped’ recovery for global vehicle markets were “over-optimistic” as they feared demand would remain constrained by the “uncertain global economy and job market”
Johnson Matthey to keep all staff on books until June
The group has started to manufacture goggles and visors across its sites for community medical staff and care organisations
Johnson Matthey warns of dent to profits as auto demand hit by coronavirus
On the bright side, the chemicals group revealed that operations in China were bouncing back after the coronavirus lockdown there
Johnson Matthey upgraded to ‘neutral’ as JP Morgan highlights defensive chemicals stocks amid recession fears
The bank said the coronavirus was likely to serve as a “significant headwind” for the sector over the second quarter as well as “significant demand weakness” in the second half of the year
Johnson Matthey's catalysts face “significant” electric vehicles threat, says JPMorgan
The chemicals giant left markets unimpressed last week when it issued a profit warning
Johnson Matthey's debt mushrooms on higher platinum prices
Higher PGM prices led to net debt being worse than expected, up £452mln to £1.5bn versus consensus of £916mln, mainly driven by the significant increase in precious metal working capital and higher capital expenditure
Johnson Matthey keeps guidance unchanged after mixed first quarter
Johnson Matthey also announced that it has appointed a Tate & Lyle executive to lead its clear air division
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FTSE 100 closes higher led by defensive stocks
Footsie closed up 39 at 7,259, while mid-cap cousin FTSE 250 went the other direction, shedding over six points to close at 19,065
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Aviva and CMC Markets in spotlight for busy Thursday
Investors look forward to a strategy update from Aviva's new boss, meanwhile, they are braced for CMC Markets results after the recent profit warning.
Johnson Matthey's capital intensity grows as it tackles weak auto and truck markets
“We see return on capital employed fading materially given a slowdown in Clean Air and the 'greenfield' expansion into battery materials,” UBS said.
Johnson Matthey hikes dividend after sharp rise in 2019 profit
For fiscal year 2019/20, the company expects growth in operating performance at constant rates to be within its medium-term guidance of “mid to high single digit” growth.
Investments and investor services
FTSE 100 regains ground at the close
The FTSE 100 closed 32.86 points higher at 7,218.16 on Thursday, just easing off its late afternoon high of 7,235
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Johnson Matthey's final results provide a step up in class for Thursday's corporate diary
The Day Ahead will also bring updates from two FTSE 250-listed firms, transport operator FirstGroup and water utility Pennon, plus numbers from newspapers group Daily Mail
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Enjoy the UK bank holiday, because there will be little else to get excited about in the coming week
The shortened trading Week Ahead will only bring updates from the likes of second-liners FirstGroup, Pennon, Wizz Air, and Daily Mail & General Trust
Johnson Matthey weak as Belgium’s Umicore warns on cheap cobalt supply, slowing electric vehicles demand in China
Umicore pointed out that it had been undercut by several competitors selling cheap cobalt, a key components in batteries that power electric vehicles
Johnson Matthey doubles down on electric ambitions as it strikes two key deals
The FTSE 100 group has secured a site in Poland from which it will make its eLNO battery materials, while it has also signed a long-term lithium supply deal
FTSE 100 closes higher on trade talk optimism; miners big winners
President Trump is due to sit down for talks with Chinese Vice Premier Liu He at around 7.30pm UK time
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FTSE 100 closes higher but Wall Street lags
The FTSE 250 index, though, fell around 30 points to 18,609 on the day
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Thursday’s spotlight to focus on planes, trains and pubs with meals
Thomas Cook, Go-Ahead Group, and Greene King will be among Thursday's highlights.
FTSE 100 closes firmly in the red as PM Theresa May says Brexit deal within grasp
The UK blue-chip benchmark closed down nearly 90 points at 6,960, while the FTSE 250 shed nearly 55 points
Johnson Matthey first-half profits rise 19%, full-year performance expected to be towards upper end of guidance
The FTSE 100-listed catalytic convertors maker saw its pre-tax profit increase by 19% to £244mln for the six months to 30 September, up from £205mln a year earlier
FTSE 100 closes firmly to the good despite EU tensions
Mid-cap cousin FTSE 250 was also higher. It surged over 218 points to close at 18,584.
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Pre-Thanksgiving smorgasbord as plethora of blue-chips report
A relative cornucopia of firms are scheduled to report results on Wednesday ahead of the US holiday, with a sprinkling of and UK and US economic data to taste
Investments and investor services
Johnson Matthey expects a stronger second half
The company holds its AGM in London later this morning.2
FTSE 100 keeps head above water at close: Facebook in focus
The Nasdaq on Wall Street is down over 88 points at the time of writing, at 7,420.
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Blue-chip deluge on Thursday with Royal Dutch Shell, AstraZeneca and Diageo (and more) set to report
Three of the 10 largest London-listed companies (by capitalisation) are updating the market on Thursday. A dozen or more other household names are also expected to report.
FTSE 100 ends in the red as Brexit wrangling weighs on sentiment
The UK's premier share index closed down 7.97 points, or 0.10% at 7,704
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CMC Markets, Auto Trader and MITIE all in focus ahead of Thursday results
One City broker expects CMC to reveal a 22% jump in pre-tax profit in its results tomorrow.
Liberum reckons the downgrades are over at Johnson Matthey (for the time being)
Analyst Adam Collins has moved the stock up to a ‘buy’, claiming that a growing share of the catalytic converter market in Europe should help to drive growth over the next couple of years
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It's the scrag-end of the corporate reporting season, but an update from WH Smith could excite
Aside from a trading update from WH Smith, the Week Ahead will also bring full-year results from the likes of AO World, CMC Markets, Auto Trader, and MITIE Group
FTSE 100 joins European and US indices to head north after strong US jobs number
The UK blue-chip index finished at 7,701 - up 0.31%, but was down on the week, off around 0.46%. .
Johnson Matthey shares rise as underlying full-year sales slightly beat expectations, dividend up 7%
Tthe FTSE 100-listed automotive catalysts manufacturer saw its underlying sales at constant currency rates grow by 7% to £3.846bn, with 8% growth in the second half
Investments and investor services
FTSE 100 closes in the red as Trump's tariffs spook investors
Tariffs are to be imposed on steel and aloooooooooomin'm imported from Canada, Mexico and the European Union.
Investments and investor services
Johnson Matthey and FirstGroup set to provide Thursday’s highlight results
Platinum refiner Johnson Matthey provides one of the week’s rare blue-chip appearances, whereas FirstGroup investors will want answers after management snub takeover advances recently.
FTSE 100 drops 1.26% as political turmoil in Europe hits
In the current markets, the pound fell 0.49% against the US dollar at 1.1472..
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Quiet week seen following UK bank holiday, with any dividend news from RBS's AGM the main interest
Week Ahead also includes full-year results from platinum refiner Johnson Matthey PLC, transport operator Firstgroup PLC, and discount retailer B&M European Value Retail SA
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FTSE 100 closes higher but gives up gains; sterling hit on Brexit worries
Both the US and UK are heading towards a three-day weekend and, to be honest, it kind of feels like the break has already begun...
Johnson Matthey appoints Covestro AG boss Patrick Thomas as its chairman designate
The FTSE 100-listed firm said Thomas will take over as its chairman when Tim Stevenson retires after seven years in the role at the end of the group's Annual General Meeting on 26 July 2018
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Could price-to-sales be the key to identifying blue-chips on the recovery trail?
Since the "bombed out" virtual portfolio bit the dust, we've lacked a stock filter that identifies recovery stocks; once again drawing on the simple ideas of Michael O'Higgins ("Dogs of the Dow"), John Harrington takes a look at the price-t
Johnson Matthey to take £50mln hit as it settles engine lawsuit
A car parts maker took Johnson and another supplier to court in November in a dispute relating to a coating substrate supplied by Johnson for use in engine emission after treatment systems
Investments and investor services
FTSE 100 closes lower as miners prove a drag
London’s blue-chip benchmark closed around 13 points lower on the day at 7,755
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UK inflation may tick lower in December; retailers' Christmas updates continue to flow
Day ahead includes latest UK inflation data, plus trading updates from retailers Dunelm PLC, Greggs PLC, and JD Sports Fashion PLC, as well as Johnson Matthey PLC
Johnson Matthey boosted by Berenberg upgrade to ‘buy’, thinks battery opportunity in "for free”
Berenberg's analysts said Johnson Matthey’s “recently announced share gains in European autocatalysts should facilitate a return to high-single-digit earnings growth, and we believe it is more than credible in batteries”
FTSE 100 closes lower as Carillion collapses on Blue Monday
The FTSE 100 closed lower. With no Wall Street session there were fewer trading catalysts to turn the tide.
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Coffee break eyed at Whitbread as retail trading updates continue to flow
Week ahead includes trading updates from Whitbread PLC, Associated British Foods PLC, Experian PLC, Royal Mail Group PLC, William Hill PLC, Burberry PLC, plus UK inflation and retail sales data
Investments and investor services
FTSE 100 closes firmly in red as Wall Street surges; pound gains
The blue-chip benchmark closed in negative territory as sterling rose
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Pubs in focus again with updates from Marston's and Greene King eyed
The Week Ahead includes updates from pubs operators Marston's and Greene King, plus results from Britivc, Daily Mail & General Topps Tiles, and Pennon