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
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IMI
LON:IMI
IMI is a dynamic, worldwide company delivering innovative engineering solutions to leading global customers in clearly defined niche markets.
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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
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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