Friday preview: Public sector borrowing, SIG in focus
20th Sep 2018 16:40
(Sharecast News) - The focus at the end of the week will be on the government's finances for the month of August, with ONS set to release public sector borrowing data at 0930 BST.
Read moreWednesday broker round-up
19th Sep 2018 13:13
(Sharecast News) - PureCircle: Kepler Cheuvreux downgrades to hold with a target price of 325p.
Read moreCiti starts Smiths Group at 'buy', says Medical offers defensive growth
19th Sep 2018 11:24
(Sharecast News) - Citi started coverage of engineer Smiths Group at 'buy' on Wednesday with an 1,850p price target.
Read moreSmiths Group abandons talks with ICU Medical
13th Sep 2018 13:11
(Sharecast News) - Engineer Smiths Group said on Thursday that it has ended talks about combining its medical business with US-based ICU Medical after the two failed to agree terms.
Read moreICU Medical turns the tables on Smiths Group, offers to buy medical arm
4th Sep 2018 12:45
(Sharecast News) - Shares of Smiths Group got a leg-up on Tuesday after it was reported that US-based ICU Medical had made a largely in cash buy-out offer for its medical arm, which had been turned down.
Read moreSmiths Group launches 10-year EUR650m bond offering
16th Feb 2017 15:31
(ShareCast News) - Diversified engineer Smiths Group has launched and priced a €650m bond offering for general corporate funding purposes and to repay certain existing debt as it falls due. The notes, priced with a fixed coupon of 2.00%, will mature in February 2027 and are expected to close on 23 F
Read moreThursday broker round-up
16th Feb 2017 09:15
(ShareCast News) - QinetiQ: Canaccord downgrades to Hold with a target price of 285p. RBS: Deutsche Bank reiterates Underperform with a target price of 210p. Aldermore Group: Deutsche Bank reiterates Neutral with a target price of 210p. Smiths: Goldman Sachs reiterates Buy with a target price of 1
Read moreSmiths Group extends pension de-risking with £130m buy-in
1st Feb 2017 08:02
(ShareCast News) - FTSE 100 engineer Smiths Group said on Wednesday that the trustee of the TI Group pension scheme has entered into a bulk annuity buy-in agreement with specialist insurer of defined benefit pension funds Pension Insurance Corporation. The buy-in policy covers liabilities totalling
Read moreSmiths Group completes disposal of Power business
26th Jan 2017 11:16
(ShareCast News) - Engineer Smiths Group has completed the sale of Smiths Interconnect's Power business to private investment firm Dunes Point Capital for an enterprise value of £162m. This disposal is part of an ongoing corporate programme to focus the company's portfolio on market-leading scalable
Read moreSmiths Group gets EC clearance for Morpho Detection acquisition
19th Jan 2017 11:35
(ShareCast News) - Diversified engineer Smiths Group has received clearance from the European Commission for its proposed acquisition of Morpho Detection from Safran. The EC said its approval is conditional on the divestiture of Morpho's explosive trace detection business, which it reckons should fu
Read moreMerrill Lynch upgrades Spectris and Spirax, prefers Smiths Group
11th Jan 2017 11:40
(ShareCast News) - Engineering shares were boosted by a note from Bank of America Merill Lynch that upgraded Spectris and Spirax-Sarco Engineering but said Smiths Group was its preferred UK name in a sector where investors are looking to rotate towards cyclical stocks. While positive data indicators
Read moreFriday broker round-up
6th Jan 2017 17:33
(ShareCast News) - Antofagasta: Jefferies reiterates hold with a target price of 700p. Ascential: Deutsche Bank reiterates buy with a 300p target. Rotork: JP Morgan stays at neutral with a 230p target. Vodafone: Barclays reiterates overweight with a 225p target. Britvic: JP Morgan maintains neutr
Read moreSmiths, Rotork gain as Goldman starts stocks at 'buy'
6th Jan 2017 08:42
(ShareCast News) - Manufacturing company Rotork and engineer Smiths Group got a boost on Friday as Goldman Sachs initiated coverage of both stocks at 'buy'. The bank set a 280p price target on actuator supplier Rotork, saying it expects to see trough earnings in 2016. Goldman's buy case is based on
Read moreSmiths Q1 revenues rise on currency movements
15th Nov 2016 07:10
(ShareCast News) - Technology group Smiths said first quarter revenues rose 16% on a reported basis reflecting the collapse in the pound against the dollar and euro in the wake of the Brexit result. Expectations for the full year remain unchanged, the company added. At 28 October, net debt was £9
Read moreSmiths Group sells IVF product for £140m
7th Nov 2016 07:07
(ShareCast News) - Technology company Smiths Group has sold its IVF product to US-based multinational CooperSurgical for £140m. The disposal of the Wallace product, part of Smiths Medical, is part of the FTSE 100 company's strategy to focus its portfolio on market leading positions of scale in its c
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