London close: Stocks mixed on eve of US presidential election
4th Nov 2024 15:13
(Sharecast News) - London markets closed with mixed results on Monday, as investors prepared for a week laden with key political and economic events, including the upcoming US presidential election and anticipated policy statements in both the UK and US.
Read moreIMI appoints Luke Grant as CFO
4th Nov 2024 12:39
(Sharecast News) - Birmingham-based engineer IMI said on Monday that it has appointed Luke Grant as chief financial officer and executive director with effect from 25 July 2025.
Read moreIMI buys Rotterdam-based TWTG for €25m
31st Oct 2024 12:02
(Sharecast News) - Engineering firm IMI said on Thursday that it has bought Rotterdam-based TWTG, "a leader" in smart connected asset monitoring solutions for process industries, for €25m (£21m) in cash.
Read moreLondon close: Stocks finish higher as US inflation slows
26th Jul 2024 14:35
(Sharecast News) - London stocks ended the week on a positive note on Friday, with NatWest a standout performer, as investors digested a dip in inflation from across the pond.
Read moreIMI reports robust growth in first half
26th Jul 2024 07:18
(Sharecast News) - IMI reported continued strategic progress and a robust financial performance in its first half on Friday, with growth in organic revenue and profits.
Read moreIMI Q1 revenues rise 4%; FY guidance held
9th May 2024 07:15
(Sharecast News) - Specialist engineering firm IMI on Thursday said trading remained in line with expectations as first-quarter revenue rose 4% year on year.
Read moreLondon 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.
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