Johnson Matthey underwhelms with interims despite FX and pension tailwinds
Chief executive Robert MacLeod said it was "a strong start to the year" but analysts pointed to the soft comparatives from a year ago
Company
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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Chief executive Robert MacLeod said it was "a strong start to the year" but analysts pointed to the soft comparatives from a year ago
The FTSE 100 managed to turn away from earlier losses to edge slightly higher at the close
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The day ahead includes full year results from EasyJet and a trading update from Kingfisher
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The week ahead centres on the Autumn Budget but also sees updates from EasyJet, William Hill, Kingfisher, United Utilities, Mothercare and Fuller Smith & Turner
The FTSE 100-listed group also confirmed its guidance for the year ending 31st March 2018 and said at constant currency sales growth is expected to be around 6%, with an improving operating performance offset by non-cash items
Despite the beating meted out to IMPs and BATs, the Footsie rallied in the last half hour to trim its heavy losses
In a note to clients, BarCap’s analysts said: “On almost any metric JM is amongst the cheapest chemical stocks in Europe despite its late-cycle demand profile”
The blue chip FTSE 100 index closed 28 points down at 7,449
The FTSE 100-listed firm - a world leader in making catalytic convertors for vehicles – posted a 19% rise in statutory full-year pretax profit to £461.6mln, up from £386.3mln a year earlier, but underlying pretax profit growth at constant c
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Day ahead: RBS likely to avert High Court trial; finals from FirstGroup, Johnson Matthey and ImmuPharma
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Week ahead; IG Group, Ryanair, Johnson Matthey, Non-Farm Payrolls,
A look at some of the biggest London-listed risers and fallers today
Concerns over "the Donald" appear to be easing, and investors took the opportunity to return to equity markets
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FTSE 100 stocks ended higher on Thursday thanks to miners and the construction sector, while the laggards included venerable British names Royal Mail and Rolls Royce
In July, the group said it was monitoring the Brexit situation as movements in gross domestic product were drivers for volumes of letter and business parcels
Elsewhere, Crest Nicholson, Barratt Developments, easyJet, Vodafone, TalkTalk and others will all report to the market in one form or another
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Is it really that simple that a falling pound means UK-based chemical companies make shed loads more money?
UK shares closed higher on Tuesday, extending gains from the previous session, while investors awaited the outcome of central bank meetings in Japan and the United States
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An early look at some broker upgrades and downgrades on Tuesday