London close: Stocks manage gains ahead of US payrolls report
4th Apr 2024 15:58
(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK services sector's latest figures.
Read moreLondon close: Stocks start the month with positive close
1st Mar 2024 15:06
(Sharecast News) - London's financial markets finished in positive territory on Friday, with investor sentiment buoyed by the recent easing of inflation in the United States, as market participants mulled the latest manufacturing data from the UK.
Read moreIMI sees higher earnings as 2023 profits jump 12%
1st Mar 2024 07:07
(Sharecast News) - Specialist engineer IMI on Friday reported a 12% jump in full-year profits and forecast higher earnings this year driven by a strong order book.
Read moreIMI appoints Jamie Pike as next chair
30th Jan 2024 12:54
(Sharecast News) - IMI said on Tuesday that Jamie Pike will be appointed as chair with effect from 1 January 2025, with current chair Lord Smith of Kelvin due to step down at the end of this year.
Read moreBroker tips: Kingfisher, Rotork, IMI, Intertek
29th Jan 2024 14:15
(Sharecast News) - RBC Capital Markets downgraded B&Q and Castorama owner Kingfisher on Monday to 'sector perform' from 'outperform'.
Read moreOutlook finally improving for IMI and Rotork, says Berenberg
29th Jan 2024 08:40
(Sharecast News) - Berenberg has upgraded its rating for engineering group IMI from 'hold' to 'buy', but has named peer Rotork as its top pick in the sector.
Read moreLondon close: Stocks slip after surprise jump in UK inflation
17th Jan 2024 15:03
(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.
Read moreGoldman Sachs upgrades IMI to 'buy'
17th Jan 2024 08:39
(Sharecast News) - Goldman Sachs upgraded shares of engineer IMI on Wednesday to 'buy' from neutral' and lifted the price target to 2,020p from 1,780p, saying it sees around 30% upside versus 17% for the sector.
Read moreIMI lifts profit targets after strong third quarter
9th Nov 2023 07:44
(Sharecast News) - Engineering group IMI has lifted its full-year earnings guidance and good growth and margin improvement in the third quarter ended 30 September.
Read moreLondon close: Stocks finish choppy session in the red
27th Sep 2023 14:13
(Sharecast News) - London's stock markets presented a downbeat picture at the close of Wednesday's trading session.
Read moreIMI reports strong first-half growth
28th Jul 2023 08:26
(Sharecast News) - Engineering company IMI reported a 12% improvement in adjusted revenue in its first-half results on Friday, to £1.08bn, while its operating profit recorded growth of 21% to £193m.
Read moreIMI lifts full-year EPS guidance after strong Q1
4th May 2023 07:54
(Sharecast News) - IMI lifted its full-year earnings per share guidance on Thursday following a "strong" performance in the first quarter.
Read moreIMI lifts dividend as annual profits grow
3rd Mar 2023 07:14
(Sharecast News) - Engineering group IMI reported a rise in full-year profits and revenue on Friday and hiked its dividend as it said all three divisions had achieved organic revenue growth.
Read moreIMI completes £110m acquisition of Heatmiser
28th Dec 2022 08:07
(Sharecast News) - Specialist engineering group IMI announced on Wednesday that its acquisition of Heatmiser was now complete.
Read moreIMI lifts full-year EPS guidance after strong Q3
8th Nov 2022 07:56
(Sharecast News) - IMI lifted its full-year earnings guidance on Tuesday as it hailed a strong third-quarter performance and announced the acquisition of Heatmiser, a UK-based smart room thermostat manufacturer.
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