lonjmat
FTSE 100 opens higher following gains in Asia and on Wall Street.Supply concerns see Brent crude edge back up above $103 a barrel.Dollar falls back a little against the euro and the pound.UK leadership battle keeps cost-of-living crisis in focus.Worries remain about European gas supply.Deliveroo PLC (LON:ROO) slashes growth forecasts amid economic headwinds.Johnson Matthey PLC (LON:JMAT) hydrogen gigafactory helps lifts share price.Haleon (LON:HLN) completes its demerger from GSK plc (LON:GSK).Financial Markets Are Getting Hot“The temperature check on the financial markets shows the mercury ri...
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Johnson Matthey PLC (LON:JMAT)’s full-year underlying sales rose 5%, ignoring the effect of currency changes, to £3.8bn. That was driven by a partial recovery in Clean Air and good performance from Efficient Natural Resources. Underlying operating profit, which excludes £440m of impairment and restructuring charges related to the disposal of the Health and Battery businesses, rose 21% to £553m. Q1 2022 hedge fund letters, conferences and more The group warned “visibility is low and the outcome for the year remains uncertain” and have guided for 2022/23 full year underlying operating profit in ...
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Following a strategic review, Johnson Matthey PLC (LON:JMAT) announced the sale of their Health business to Altaris Capital Partners for a total of £325m. The group’s expecting £150m in cash on completion, whilst retaining a 30% stake in the business. There’s another £50m contingent on performance targets and a further £50m as a deferred debt instrument. Q3 2021 hedge fund letters, conferences and more The sale’s expected to give rise to a loss on disposal in the region of £200m and is expected to close in mid-2022 following regulatory approval. Robert MacLeod, Chief Executive of JM, said: “He...
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Johnson Matthey PLC (LON:JMAT) will exit its battery materials business, concluding that the returns are not sufficient to justify the necessary investment. Q3 2021 hedge fund letters, conferences and more The group plans to put that part of the business up for sale and instead focus on other potential growth avenues like hydrogen technology. Management also said that supply chain issues and rising precious metals prices mean the group’s half-year results are likely to come in at the lower end of market expectations. That suggests revenue around £4bn and operating profits near £475m. CEO Rober...
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Look ahead to FTSE 350 & other companies reporting from 24 to 28 May Q1 2021 hedge fund letters, conferences and more Covent Garden and Soho landlordShaftesbury plc (LON:SHB) adjusts to the new normalBritish Land Company PLC (LON:BLND) is working to get its house in orderAll eyes will be on post pandemic market demand atIntertek Group plc (LON:ITRK)____NVIDIA Corporation (NASDAQ:NVDA) looks to benefit from the ongoing surge in demand for computer chipsPets at Home Group PLC (LON:PETS) set for bumper profits due to demand for furry friendsA recovery in the auto market is necessary for Johnson M...
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