Smith & Nephew completes acquisition of surgical robotics business
5th Jan 2016 07:09
(ShareCast News) - Medical tech business Smith & Nephew has completed the acquisition of surgical robotics business Blue Belt Technologies. The FTSE 100 company announced the completion of the deal on Monday, which was originally announced in October last year. It said the deal, which is valued at
Read moreLondon pre-open: Stocks seen higher as Asia stabilises
5th Jan 2016 07:07
(ShareCast News) - London stocks are set to open higher on Tuesday on the back of a stabilisation in Asian markets following heavy losses in the previous session. The FTSE 100 is expected to start 49 points higher than Monday's close at 6,142. "After an initial wobble, shares in Shanghai and Shenzh
Read moreUS-based Stryker set to pounce on Smith&Nephew
18th Dec 2015 16:07
(ShareCast News) - Stryker may be set to pounce on rival Smith&Nephew according to a person with knowledge of the situation, Street Insider reported. Although rumours about just such a transaction had been percolating through markets for a long time, they had not lost their power to influence the sh
Read moreFriday broker round-up
30th Oct 2015 10:19
(ShareCast News) - Barclays: Goldman Sachs reiterates to buy. Target price: 335.00p. Bt Group: Citigroup reiterates to neutral. Target price: 485.00p. Smith & Nephew: Credit Suisse reiterates to neutral, cuts target price to 1105.00p. Henderson Group: Citigroup reiterates to buy, keeps target pric
Read moreSmith & Nephew slumps as third-quarter revenue misses estimates
29th Oct 2015 08:03
(ShareCast News) - Smith & Nephew fell after its third-quarter revenue came in a little weaker than expected, as the maker of artificial hips and knees maintained its full-year guidance and announced the acquisition of robotics company Blue Belt Technologies. For the quarter ended 26 September, the
Read moreBroker tips: WANdisco, Smith & Nephew, Great Portland
31st Jul 2015 16:44
(ShareCast News) - UBS reiterated its 'buy' recommendation on 'big data' software company WANdisco but slashed its target price by more than half to 330p, though this still offered a 69% upside on Thursday's closing price. Sheffield-based WANdisco reported second-quarter bookings of $2.4m, down 29%
Read moreCharles Stanley upgrades Smith & Nephew to 'accumulate' off quarter two results
31st Jul 2015 15:01
(ShareCast News) - Analysts at Charles Stanley raised their rating for Smith & Nephew from 'hold' to 'accumulate' and lifted their price target to 1167p from 1143p. Medical products suppler Smith & Nephew posted revenue up by 5% to $1,168m and trading profit up 6% to $512m. Charles Stanley analyst
Read moreFTSE 100 movers: Shell rallies on better-than-expected earnings, but Centrica drops after announcing job cuts
30th Jul 2015 15:56
(ShareCast News) - London's top-flight index was up 0.6% at 6,670 by 15:41 BST, as investors waded through a raft of earnings reports. Royal Dutch Shell and BG Group were both sharply higher after Shell's second-quarter results beat expectations. The Anglo-Dutch oil major posted adjusted profits of
Read moreSmith & Nephew first-half profit rises, reiterates full-year guidance
30th Jul 2015 08:53
(ShareCast News) - Smith & Nephew posted a 4% rise in first-half revenue and a 6% gain in underlying trading profit amid continued improvement in its Advanced Wound Care business, growth in emerging markets and a strong global performance in its reconstruction unit. Revenue for the first half ended
Read moreLondon midday: Stocks hold near highs as traders monitor Greek situation
10th Jul 2015 11:44
(ShareCast News) - Stocks were holding near their best levels of the day as traders waited for the Greek parliament to vote on their Prime Minister's bailout proposal and monitored the news flow to see if Germany would allow debt-relief. There was uncertainty early on Friday over how European leader
Read moreLondon open: Stocks track gains in Europe, China
10th Jul 2015 08:50
The relief rally in British stocks gathered pace after Greece made concessions to its creditors overnight in exchange for a £38.56bn (€53.5bn) rescue programme, although some analysts and government officials were cautious. As of 08:55 the Footsie was up by 51.89 points to 6,633.59. The second tier
Read moreSmith & Nephew buys Russian manufacturing business
10th Jul 2015 07:29
Medical technology company Smith & Nephew announced the acquisition of the trauma and orthopaedics business of Deost LLC and DC LLC, a manufacturing company that has distributed S&N's products in Russia since 2009. Smith & Nephew provided no financial details about the deal but said it brings the tw
Read moreLondon close: Stocks rise for fourth day on continued Greek optimism
23rd Jun 2015 16:40
UK stocks closed with small gains on Tuesday but finished higher for the fourth straight day as hopes over Greece continued to support markets. The FTSE 100 rose 9.2 points (+0.13%) to 6,834.87, its highest finish since 11 June, as broker upgrades lifted shares of blue chips Sports Direct, Smith & N
Read moreFTSE 100 movers: Bunzl dips on slower growth, miners extend losses
23rd Jun 2015 13:28
London markets continued to rebound on Tuesday, as better-than-expected economic data, positive broker sentiment and renewed optimism on Greek negotiations buoyed stocks. As of 14:15 BST, the FTSE 100 was trading 0.3% higher at 6,846. Distribution and outsourcing business Bunzl disappointed with a
Read moreLondon midday: Broker upgrades and data lift UK stocks as Greek hopes rise
23rd Jun 2015 12:05
Better-than-expected economic data and improving optimism surrounding Greece strengthened stock markets on Tuesday morning, with sentiment also lifted by a raft of broker upgrades. The FTSE 100 was trading 0.25% higher at 6,842.53 by midday with Sports Direct, Smith & Nephew, Johnson Matthey, Diageo
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