Engineering giant Smiths misses profit forecast and launches ‘acceleration plan’ Industrials British engineering giant Smiths Group missed a key consensus forecast and launched an ‘acceleration plan’ to boost profitability, as it snapped up two firms in a £110m spending spree. Smiths reported a 5.4 per cent year on year organic revenue growth to £3.1bn, but the 7.1 per cent increase in operating profit to £526m fell shy [...]