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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
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 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
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Consumer focus as Unilever and Travis Perkins issue updates, retail sales eyed
The day ahead includes trading updates from Travis Perkins PLC and Unilever PLC, as well as the latest UK retail sales data
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Smiths Group posts solid growth in reported profits, revenue, but underlying growth more constrained
For the full year ended July 31, the FTSE 100-listed group made pretax profits of £528mln, up 17% year-on-year, while reported operating profit was up 11% to £589mln, although underlying growth was only 3%
FTSE 100 enjoys afternoon boost from May's speech
London's FTSE 100 strengthened on Friday afternoon following Theresa May's speech in Florence.