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Smiths Group shares knocked after cyber attack

Smiths Group (LSE:SMIN) shares headed lower on Tuesday after the engineering firm said it had been hit by a cyber attack.

Shares dropped 1.9% following a statement saying Smiths was “currently managing a cyber security incident” involving “unauthorised access to the company's systems”.

It added: “As soon as Smiths became aware of the unauthorised activity, the company rapidly isolated affected systems and activated business continuity plans.

“Smiths is working with cyber security experts to recover affected systems and determine any wider impact on the business.”

Smiths led Tuesday’s FTSE 100 fallers in the absence of any major movers as a result.

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