Company
Smiths Group
LON:SMIN
Smiths is a global technology company involved in the practical application of advanced technologies. Smiths Group delivers products and services for the threat & contraband detection, medical devices, energy, communications and engineered components markets worldwide.
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FTSE 100 holds head above water to finish the week as UK consumer confidence improves
At the close, the UK's blue-chip index had bounced back to finish at 7,757 points for a marginal 0.2% gain on the day
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Smiths Group jumps after last year beats expectations and new year starts well
Shares in the engineer have remained roughly flat in the year to date so far, giving it a market cap of £5.5bn
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Smiths reports fastest growth in decade as it continues to manage cost inflation
“Despite an uncertain macro environment, we expect to deliver 4.0-4.5% organic revenue growth with moderate margin improvement,” said chief executive Paul Keef
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FTSE 100 finishes deep in red as pound hits 37-year low
At the close, the FTSE 100 had fallen 2%, or 141 points, to finish at 7,019
Mini-budget, BoE, Fed and a packed City diary ahead, including Haleon, Halma, JD, S4 and Playtech
Other results scheduled include Alphawave, Aquis Exchange, Ceres Power, Galliford Try, Litigation Capital Management, M&C Saatchi, PZ Cussons, Supermarket Income REIT,
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Smiths Group posts fourth consecutive quarter of organic revenue growth
The FTSE 100-listed company said its share buyback programme was on track
FTSE 100 ends the week on a positive note as investors mull new Russian sanctions
The UK's blue-chip index closed Friday at 7,483 points, a 0.2% gain on the day
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Smiths Group and United Utilities update the market on Friday
Consumer spending data and Smiths Group results round off the week
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FTSE 100 boardrooms more settled in 2021
Lloyds and Barclays were two of the companies that welcomed a new boss in 2021
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Smiths Group confirms £737mln shareholder return after medical sale
Order books were healthy, even though recovery is occurring at different speeds across its markets
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Smiths gets extra US$400mln after agreeing to sell medical unit to new bidder
The ICU deal values the medical arm at US$2.4bn excluding debt
Smiths Group mulling £2bn offer from US private equity firm for medical division, report says
Minneapolis-based Smiths Medical started life in a flat in Great Portland Street during the London Blitz in 1940
Smiths Group appoints new chief executive after former boss steps down
Andy Reynolds Smith mutually agreed with the company to leave his role
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Smiths Group raises dividend with medical division demerger on track
The interim dividend goes up by 6% to 11.7p, which the company said reflected its confidence
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FTSE 100 closes higher at end of week as risk appetite returns to global markets
Britain's index of leading shares finished firmly ahead, up over 65 points, or 0.99%, at 6,740 with commodities stocks booming.
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Smiths Group waiting for energy and aerospace recovery to accelerate
Smiths Group issues interims on Friday while the ONS will release retail sales data, which should show a partial recovery from January's disastrous showing
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Smiths Group to meet full-year expectations
Underlying revenue for continuing operations dipped 2% in the first quarter to October 31
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Ten FTSE 100 firms return to dividend list but huge income deficit remains
These ten FTSE prodigal sons have declared dividends worth £1.8bn
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Smiths Group adds delayed interim dividend to smaller final dividend after solid performance
Group profit declined 12%, though free cash flow improved 17% to £273mln
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Smiths Group unveils restructuring plans, 'some job losses' expected
Organic revenue growth was 1% for the four months to May 31
Smiths Group says coronavirus disruption “changing daily”
While the engineer's supply chain is being affected, factories and facilities accounting for more than 90% of manufacturing capacity are still open
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Smiths Medical demerger delayed as NHS ventilator production ramps up for coronavirus
While the planned separation of Smiths Medical was on track to be delivered by the end of the first half of 2020, the group said now “it is simply not practicable to complete the separation in current circumstances”
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FTSE 100 closes higher as Chinese data cheers
Britain's blue-chip benchmark made a late dash after a slow start to close up over 108 points at 5,671
Builders and building materials
Is Smiths Group's medical unit demerger still on?
Tuesday's is sure to see a further smattering of updates from various companies about the effects of coronavirus on their business
Smiths Group confident of outperforming its markets over the medium-term
At current rates, foreign exchange will provide a tailwind to revenue and profit.
Smiths investors hungry for demerger news as Apple fans queue for new iPhone
Smiths Group is in the process of spinning off its struggling medical division into a separate London-listed company
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Smiths Group appoints JehanZeb Noor to lead demerger of medical division
JehanZeb Noor will become chief executive of Smith Medical on July 1
Investments and investor services
FTSE 100 closes in positive territory, boosted by better-than-expected US March jobs figures as Brexit uncertainty continues
Mid-cap cousin FTSE 250 was also lower, shedding around 56 points at 19,507
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Lloyds and other ex-dividends to knock 11 points off FTSE 100 on quiet Thursday in the City
Away from the ex-divs, Saga, Electrocomponents and EntertainmentOne are all due to come to the market with trading updates or results
Investments and investor services
FTSE 100 closes lower as Brexit fears permeate markets
The UK's premier share index closed down around 30 points at 7,177
Smiths to spin-off struggling medical division into separate London-listed company
The demerger has been on the cards for months after Smiths bosses said they were looking at a “planned separation” last November following failed talks with US medical devices maker ICU
Investments and investor services
FTSE 100 joins global equities to head lower Friday as Eurozone data weighs
Over the week as a whole, the FTSE 100 exchange lost around 0.3%.
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Smiths Group investors await update on plan to spin off underperforming medical division
The day ahead includes first half results from Smiths Group and full year numbers from Sanne Group
RBC Capital ups Melrose to Top Pick in major review of UK engineering sector
In a note to clients, the Canadian bank’s analysts concluded: “We do not expect a major downturn, but even if there is one the recent sector sell-off has priced in a recession for many names in our coverage group”
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The conglomerate discount: Why Smiths is spinning off its medical division
The value of a conglomerate is almost always less than the combined value of its subsidiaries, which is why firms such as Smiths and Whitbread are spinning off some of their assets
Investments and investor services
Funding news and shareholder sales in focus for Wednesday’s small cap movers
A look at the day's gainers and painers, including Vodafone, FirstGroup and Haydale Graphene
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Smiths shares jump as it announces plan to spin off medical unit
Smiths Group left its full year guidance unchanged as first quarter revenues dipped 1%
FTSE 100 closes lower ahead of Prime Minister's Brexit statement
The UK blue-chip index closed down 19.97 at 7,033, while FTSE 250 shed over 75 points at 18,910
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Investors hoping UK inflation will continue to retreat as wage growth goes in the opposite direction
Aside from the latest consumer price index data, the Day Ahead will also bring updates from the likes of British Land, SSE, Cobham, Smiths Group, and flyBe
FTSE 100 closes in red as Wall Street shares lag; Brexit exhaustion
The UK blue-chip benchmark finished down over 27 points at 7,026, while the FTSE 250 closed down over 52 points at 18,961.
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Sales acceleration expected from Unilever after Marmite maker's Dutch move stymied
Aside from the latest trading news from Unilever, the Day Ahead includes updates from blue-chip peer Rentokil Initial and FTSE 250-listed Domino's Pizza
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Smiths Group buys aero engineer United Flexible for US$345mln
Smiths Group sees United Flexible as a growth business with complementary positions on a number of growing aerospace platforms and in industrial markets
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Deutsche Bank cuts Smiths Group to ‘hold’ from ‘buy’ following recent full-year results
The German bank also reduced its sum-of-the-parts based target price for the FTSE 100-listed firm to 1,665p, down from 1,750p previously, with the shares currently changing hands at 1,487.50p each
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Smiths Group downgraded by JP Morgan after earnings miss expectations
J.P. Morgan cut its rating on Smiths Group to ‘neutral’ from ‘overweight’, saying it sees "limited upside" to its price target of 1,660p
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Smiths Group announces sale of sterile water bottling unit as it reports drop in profits
Smiths Group said full-year revenue fell 2%, reflecting declines in the medical and interconnect divisions
FTSE 100 surges higher as Brexit talks reach impasse; pound plunges
Around 4pm, the UK bluechip index was 109 points higher at 7,476, just easing back from the session peak of 7,495 after a strong week
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Sky goes up for auction to end heavy week for company results
The UK's takeover panel said the bidding process will transfer into an auction phase from 5pm tomorrow until Saturday evening
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Smiths Group ends talks with ICU Medical over business combination after failing to agree terms
The FTSE 100-listed group said while its board recognised the complementary strengths of both businesses, it felt it was important that any such combination did not undervalue Smiths Medical and its prospects
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Smiths Group shares gain after report of £2.8bn offer from ICU for medical division
ICU Medical has reportedly tried to revive talks with Smiths Group after the UK firm turned down a written offer for its medical business last month
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Smiths Group to abandon discussions over £7bn medical division merger with ICU Medical: report
The FTSE 100-listed group confirmed at the end of May that it was in very early stage discussions about the potential combination with ICU
Centrica expects to maintain its 2018 dividend, allaying cut fears, as British Gas owner posts slight rise in first-half earnings
The FTSE 100-listed firm saw its underlying earnings (EBITDA) increase by 3% to £1.324bn for the six months to June 30, however, the company's adjusted operating profit fell by 4% year-on-year to £782mln
Investments and investor services
NAHL runs into a wall after trading update
Companies covered today include 88 Energy, Bagir Group, Future, Mpac, NAHL, Quadrise Fuels and Smiths Group
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Smiths Group returns to growth but medical arm disappoints
In a trading update ahead of its full-year results, the FTSE 100-diversified engineering firm reported revenue growth of 3% on an underlying basis for the 11 months to June 30
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Smiths Group up as it confirms “very early stage discussions” about potential merger of medical division with ICU
The FTSE 100-listed firm said: “The Board of Smiths routinely reviews all options for the Group's portfolio of businesses to maximise value for Smiths shareholders”
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..
Pembridge Resources appoints Paul Fenby as new chief financial officer
Fenby has over 25 years’ experience in natural resources, most recently as CFO at Asia Resource Minerals PLC, a UK-listed, Indonesia-focused coal mining company, with responsibility for both the London and Jakarta listed entities
FTSE 100 closes firmly higher despite disappointing service sector stats
The UK bluechip-benchmark closed over 165 points higher at 7,199, while the FTSE 250 added over 311 points at 19,576
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British Airways owner IAG and rival easyJet expected to continue March airline traffic boost
The day ahead includes March traffic from blue chip airlines easyJet PLC and British Airways owner International Airlines Group PLC, plus a trading update from Electrocomponents PLC
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Topps Tiles, IAG, easyJet, Electrocomponents and US jobs in focus after Easter break
The week ahead includes interims from Topps Tiles, traffic statistics from easyJet and IAG, a trading statement from Electrocomponents and the US non-farm payrolls report
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Numis Securities cuts Smiths Group to ‘reduce’ from ‘add’ in wake of x-ray machines firm's interim results
The Numis analysts said: “The results are a little disappointing and whilst we see some of the softness, ie more investment in Medical as arguably positive, the overall tenure is still not generating organic growth”
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Smiths Group shares drop as engineer’s first-half profit, revenue fall, but 2018 guidance reiterated
The FTSE 100-listed firm saw its pre-tax profit drop to £217mln for the six months to the end of January 2018, down from £248mln in the same period a year earlier and below expectations for £245mln
FTSE 100 closes down on trade war concerns as market awaits Brexit transition deal approval
Will EU leaders approve the Brexit transition deal reached between Michel Barnier and David Davis?
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Next's 2017 results benefit from favourable weather amid tough retail market
Next's full year earnings will be closely scrutinised by investors on Friday
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Smiths Group has a much sharper focus on organic growth now, says Barclays Capital
Cash flow has seen a material, positive change as the benefits of the focus on working capital, operational improvements and a reduction in pension contributions affect the business
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Smiths Group agrees around US$35mln sale of John Crane's Bearings business to private Austrian firm
The FTSE 100-listed engineer said the divestment is part of its “ongoing corporate programme to concentrate the portfolio on scalable market leading positions in the company's chosen markets"
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Smiths Group expects healthy tax cut in US
The maker of medical devices could see the tax rate fall by as much as 5.5 percentage points
FTSE 100 ambles to another high
The Footsie set another record closing level but it was not entirely storming ahead; most of the gain was down to bid stock GKN's 25% rise
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Day ahead: ITV, Vodafone and Bovis Homes results, UK inflation data
The day ahead includes corporate earnings from ITV, Vodafone and Bovis Homes as well as official UK inflation data
FTSE 100 joins global shares to head lower; retail sales disappoint
The FTSE 100 index closed down 19 at 7,523, as US stocks joined in a retreat by global markets today amid worries over the situation in Spain