Johnson Matthey to sell health division for £325m JM Chemical giant Johnson Matthey (JM) announced this morning the sale of its health division for £325m to investment firm Altaris Capital. The transaction, expected to close in mid-2022, has pushed shares up 0.25 per cent to 1,997p. Upon completion of the deal, JM will receive £150m cash, retaining a 30 per cent stake in the [...]
Johnson Matthey results lift as giant sells glass technology business Johson Matthey Chemical giant Johnson Matthey (JM) called its performance in the first half of the year “resilient”, as sales went up 21 per cent to £1.9bn and revenue increased 23 per cent. Driven by the higher average price of precious metals, the company’s underlying operating profit also jumped to £293m, up 102 per cent and ahead [...]
Shares dive: Johnson Matthey appoints new CEO and exits battery materials Share price plunge Chemicals giant Johnson Matthey has confirmed that its current boss is stepping down, which tipped a share price dive of more than 19 per cent today. The London-listed firm also announced that it will be exiting its battery materials business – despite noting the accelerating demand for such goods in its latest trading update. Current [...]
Johnson Matthey hints it could offload £2bn health business April 8, 2021 Industrial group Johnson Matthey has hinted it could offload its health arm, as the business focuses on ways to “maximise value for our shareholders”. In an update today the group revealed it is carrying out a “strategic review” of its health business. Robert MacLeod, chief executive of Johnson Matthey, made clear the review was about [...]
Green revolution: Johnson Matthey makes decarbonisation push into mining sector March 19, 2021 Sustainable technologies company Johnson Matthey has teamed up with metals miner Sibanye-Stillwater to accelerate new battery technologies in the push for a low-carbon future. The LSE-listed tech company aims to cut the carbon footprint in metal supply chains by expanding on its clean hydrogen production, fuel cell products, next generation battery material and solutions for [...]
Johnson Matthey banks on second half after sales drop July 23, 2020 Catalytic converter maker Johnson Matthey said that its first half performance had been “materially below” last year’s due to the coronavirus pandemic. The FTSE 100 firm said that a fall in sales in its clean air division as a result of lower demand and temporary shutdowns was the main cause of the decline. In a [...]
Johnson Matthey to cut 2,500 jobs as coronavirus bites June 11, 2020 Manufacturing firm Johnson Matthey has announced that it will cut 2,500 jobs over the next three year as a result of the coronavirus pandemic. The FTSE 100 company said that the crisis had knocked its underlying profit by £60m as it unveiled its annual results today. Shares in the firm slipped 3.1 per cent in [...]
Johnson Matthey shares jump as clean air tech the catalyst for profit boost November 21, 2018 Chemical technology company Johnson Matthey’s share price rose by 14.3 per cent today after it posted a strong rise in profit in its half year results. The company, which develops emissions control technologies such as catalytic converters, reported double digit year-on-year growth across several key metrics and said it expected its full year performance to [...]
Johnson Matthey bottom line lifted by benign UK tax regime June 5, 2015 Sustainable tech firm Johnson Matthey said its annual results were in line with expectations yesterday as falling revenues failed to stop growth at the bottom line. The UK-based company, which is the world’s largest of autocatalysts, reported strong growth in sales of its emission control technologies and processing technologies. However, these gains were offset by weak [...]
Johnson Matthey reports jump in profits as chief executive steps down June 5, 2014 On the day its chief executive steps down, chemicals firm Johnson Matthey has reported a surge in profit before tax of 17 per cent to £406.6m, for the year ended 31st March. Meanwhile, revenue rose four per cent, with sales excluding precious metals jumping 11 per cent to £3bn. Emission control technologies outperformed the underlying [...]