Smiths Group appoints new chief executive after former boss steps down
Andy Reynolds Smith mutually agreed with the company to leave his role
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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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%.