Smiths Group shares jump on the back of strong first quarter growth November 13, 2019 Global technology company Smiths Group today announced that its guidance for the year remained unchanged, based on a strong first quarter performance. Shares in the company rose 3.8 per cent on the back of the update. Read more: Smiths Group spin off ailing medical division into separate business The FTSE 100 company said that revenue [...]
Smiths Group to spin off ailing medical division into separate listed company March 22, 2019 British engineering firm Smiths Group will spin off its struggling medical business and list it separately on the London Stock Exchange, the company said today. Smiths had unveiled plans for a demerger in November after a proposed sale of the healthcare unit to US firm ICU Medical fell through. Read more: Smiths Group to spin [...]
Smiths Group set to spin off medical arm after sale stopped in September November 14, 2018 Shares in engineer Smiths Group soared on plans to spin off its healthcare unit after a proposed sale to ICU Medical fell through in September. The disposal of Smiths Medical, which was reportedly valued at around £7bn in the ICU deal, will allow the group to focus on its remaining industrial technology operations. Smiths also [...]
Smiths Group boosts its heating and ventilation arm with deal for US-based Airbus supplier October 4, 2018 Smiths Group will buy US engineering firm United Flexible to boost its heating and ventilation arm, the company said Thursday. The deal values the Airbus supplier at $345m (£265m), which the British engineering group will pay through a mix of cash and bank loans. Read more: The clock’s ticking for Smiths to shape its destiny [...]
Smiths Group shares tumble as medical unit disruptions hit profits September 21, 2018 UK engineering titan Smiths Group’s share price dropped nearly 10 per cent in early morning trading, after medical unit disruptions led to worse-than-expected profits for the year. Full-year operating profit rose three per cent on an underlying basis to £544m, but missed a company compiled consensus of analysts’ estimates of £548m. Headline operating profit tumbled [...]
Smiths Group share price dips as Andrew Reynolds Smith set toreplace Philip Bowman July 7, 2015 Engineering company Smiths Group has named Andrew Reynolds Smith, currently chief executive of GKN Automotive, as replacement for outgoing boss Philip Bowman. Reynolds Smith will join the firm as chief executive on 25 September. News of his appointment failed to stoke up enthusiasm among investors, instead pushing shares in the company down by 4.91 per [...]
Smiths Group share price falls as profits drop six per cent September 17, 2014 Shares in engineering firm Smiths Group – whose businesses do everything from weapons detection to supplying medical equipment – opened 0.88 per cent lower this morning, after it reported a six per cent fall in underlying profit for the year ended 31 July, with a mixed performance across the different areas of its business. [...]
Smiths Group faces challenge in healthcare markets as profits drop March 19, 2014 Global technology company Smiths Group has reported a fall in pre-tax profit of four per cent to £215m for the six months to 31 January. Revenue fell by two per cent to £1.4bn while the company's dividend rose two per cent to 12.75p. Smiths said that its strength in commercial markets had been offset by challenges [...]