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IMI PLC (IMI.L)

IMI.L on London Stock Exchange

1,071.00GBp
18 Jan 2017
Change (% chg)

1.00p (+0.09%)
Prev Close
1,070.00p
Open
1,073.00p
Day's High
1,074.00p
Day's Low
1,062.00p
Volume
738,966
Avg. Vol
797,169
52-wk High
1,138.00p
52-wk Low
717.00p

Latest Key Developments (Source: Significant Developments)

IMI sees modest Brexit impact, sees FY results in line
Friday, 29 Jul 2016 02:00am EDT 

IMI Plc : H1 revenue 759m stg versus 765m stg . H1 profit before tax 86m stg versus 107m stg . Transactional impact of brexit is expected to be modest . Interim dividend up 1 percent to 14 pence per share .Expect full year 2016 results will be in line with current market expectations.  Full Article

IMI PLC restructuring in 2016 to result in about 190 jobcuts - CEO - Reuters
Thursday, 25 Feb 2016 10:27pm EST 

IMI PLC:Restructuring activities in 2016 to cost about 27 million stg - RTRS."We would like to acquire oil & gas assets" - CEO."We will be willing to make acquisitions for the Precision engineering unit from 2017"- CEO.Restructuring in 2016 to result in about 190 jobcuts - ceo."We would like to acquire assets the same size as last year for Critical engineering unit"- CEO.  Full Article

IMI PLC begins restructuring of operations
Thursday, 25 Feb 2016 09:01pm EST 

IMI PLC:At the time of our November 2015 trading update we announced that we were reviewing a number of cost-reduction initiatives to ensure that the organic elements of our strategic growth plan remained on-track and to mitigate, where practical, the impact of this trading environment.Critical Engineering has initiated a number of cost cutting initiatives including the restructuring of its Swiss and Canadian nuclear businesses.which are being transferred to IMI Bopp & Reuther's Mannheim facility in Germany and the closure and transfer of IMI TH Jansen's production facility to IMI Z&J's plant in Germany.In Precision Engineering the downsizing of its Brazilian operation has been completed and, along with Critical Engineering, Precision Engineering is in the process of exiting its Balterswil operation in Switzerland.Says fully recognise that these difficult decisions affect our employees and the communities in which we operate, however they are necessary to keep our strategic plan on track and deliver long-term sustainable growth.  Full Article

IMI PLC recommends interim dividend
Friday, 31 Jul 2015 02:01am EDT 

IMI PLC:Says it is recommending that the interim dividend be increased by 2 pct to 13.9p (2014: 13.6p.Says this will be paid on Sept. 18 to shareholders on the register at the close of business on Aug. 14.  Full Article

IMI PLC announces appointment of chairman
Wednesday, 18 Mar 2015 03:02am EDT 

IMI PLC:Announces that, following Roberto Quarta's decision to step down as Chairman, Lord Smith of Kelvin will be appointed Chairman with effect from the conclusion of the Company's Annual General Meeting on May 7, 2015.  Full Article

IMI PLC Recommends final dividend
Friday, 27 Feb 2015 02:01am EST 

IMI PLC:Recommends final dividend be increased by 7 pct to 24.0p.  Full Article

IMI PLC gives H2 2015 revenue outlook
Friday, 27 Feb 2015 02:01am EST 

IMI PLC:Expects the Group to deliver modest organic revenue growth weighted towards the H2 2015 with margins slightly lower than in 2014, reflecting the impact of the disposal of Eley and acquisition of Bopp & Reuther by the Critical Engineering division and the ongoing investments.H2 2015 revenue of 939 mln Pounds - Thomson Reuters I/B/E/S.  Full Article