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Smiths Group PLC (SMIN.L)

SMIN.L on London Stock Exchange

1,495.00GBp
17 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Smiths Group says ‍unit receives $7.1 mln order
Wednesday, 15 Nov 2017 10:00am EST 

Nov 15 (Reuters) - Smiths Group Plc ::Says ‍unit receives order for vehicle scanning technologies from U.S. Customs and border protection totaling $7.1 million​.  Full Article

Smiths Group Q1 underlying revenue falls 2 pct
Tuesday, 14 Nov 2017 02:00am EST 

Nov 14 (Reuters) - Smiths Group Plc :SMITHS GROUP - ‍REVENUE DURING Q1 DECREASED 2% ON UNDERLYING BASIS, PRIMARILY DUE TO ORDER TIMING.SMITHS GROUP PLC - ‍MANAGEMENT EXPECTATIONS FOR FULL YEAR REMAIN UNCHANGED, WITH GROUP RETURNING TO GROWTH FOR FY2018​.SMITHS GROUP PLC - ‍DURING PERIOD, FURTHER STEPS WERE TAKEN TO DE-RISK GROUP'S PENSION LIABILITIES THROUGH A £207 MILLION BULK ANNUITY BUY-IN AGREEMENT​.SMITHS GROUP PLC - ‍OVER 95 PCT OF GROUP'S TOTAL PENSION LIABILITIES ARE NOW HEDGED THROUGH OUR LIABILITY INVESTMENT STRATEGY​.  Full Article

Bodycote appoints Anne Quinn as non-executive chairman
Tuesday, 31 Oct 2017 03:00am EDT 

Oct 31 (Reuters) - Bodycote Plc ::BODYCOTE PLC - ‍HAS APPOINTED ANNE QUINN CBE AS NON-EXECUTIVE CHAIRMAN WITH EFFECT FROM 1 JANUARY 2018​.BODYCOTE PLC - ‍ALAN WILL STEP DOWN AS CHAIRMAN AND RETIRE AS A DIRECTOR ON 31 DECEMBER 2017​.BODYCOTE PLC - ‍ANNE IS CURRENTLY A NON-EXECUTIVE DIRECTOR OF SMITHS GROUP PLC, HAVING JOINED BOARD IN 2009​.  Full Article

Smiths Group says extends pension de-risking
Friday, 20 Oct 2017 02:00am EDT 

Oct 20 (Reuters) - Smiths Group Plc ::‍TRUSTEE OF SMITHS INDUSTRIES PENSION SCHEME HAS ENTERED INTO A BULK ANNUITY BUY-IN AGREEMENT WITH CANADA LIFE​.‍BUY-IN POLICY COVERS LIABILITIES TOTALLING £207M RELATING TO OVER 2,000 LEGACY SCHEME PENSIONERS AND DEPENDANTS​.‍THROUGH A SERIES OF BUY-INS, AROUND £0.5BN OF SMITHS INDUSTRIES PENSION SCHEME LIABILITIES HAS NOW BEEN INSURED​.  Full Article

Smiths Group ‍appoints John Shipsey as CFO designate
Tuesday, 17 Oct 2017 02:00am EDT 

Oct 17 (Reuters) - Smiths Group Plc ::‍APPOINTMENT OF JOHN SHIPSEY AS CHIEF FINANCIAL OFFICER DESIGNATE ON 18 OCTOBER 2017​.‍JOHN WILL BE APPOINTED TO BOARD AND TAKE OVER AS CHIEF FINANCIAL OFFICER ON 1 JANUARY 2018​.  Full Article

Smiths Group expect group performance to be weighted towards second half
Friday, 22 Sep 2017 02:10am EDT 

Sept 22 (Reuters) - SMITHS GROUP PLC ::FINAL DIVIDEND 29.7 PENCEPER SHARE.TOTAL DIVIDEND UP 3 PERCENT TO 43.25 PENCEPER SHARE.FY REVENUE ‍3,280​ MILLION POUNDS VERSUS 2,949 MILLION POUNDS A YEAR AGO.FY HEADLINE PRE-TAX PROFIT ‍528​ MILLION POUNDS VERSUS 451 MILLION POUNDS A YEAR AGO.FY UNDERLYING HEADLINE OPERATING PROFIT UP 3%, AND UP 16% ON A REPORTED BASIS.MORPHO DETECTION ACQUISITION INTEGRATION ON TRACK.‍EXPECT GROUP PERFORMANCE TO BE WEIGHTED TOWARDS SECOND HALF​.‍EXPECT INTRODUCTION OF NEW PRODUCTS DURING YEAR TO SUPPORT A GRADUAL IMPROVEMENT IN SMITHS MEDICAL​.IN SMITHS DETECTION, ANTICIPATE A STRONG SECOND HALF DRIVEN BY AIR TRANSPORTATION.  Full Article

Smiths Group says to sell explosive trace detection business for $75.5 mln
Thursday, 1 Jun 2017 09:00am EDT 

June 1 (Reuters) - Smiths Group Plc ::Has entered into a binding agreement with Osi Systems, Inc to sell explosive trace detection business formerly owned by Morpho Detection.Sale for an enterprise value of $75.5 million.Sale is conditional upon regulatory approval in Portugal and approval by EC and DOJ of OSI Systems, Inc as a suitable purchaser.  Full Article

OSI Systems to acquire Explosive Trace Detection unit from Smiths Group
Thursday, 1 Jun 2017 09:00am EDT 

June 1 (Reuters) - OSI Systems Inc :OSI Systems enters into definitive agreement to acquire Explosive Trace Detection (etd) business from Smiths Group Plc.OSI Systems Inc - deal for $75.5 million in cash.OSI Systems Inc - deal for expected to be accretive to fiscal year 2018 non-GAAP diluted earnings per share.OSI Systems Inc - expects to fund acquisition with a combination of balance sheet cash and borrowings from its existing $525 million credit facility.  Full Article

Smiths Group says finance chief Chris O'Shea to step down
Friday, 19 May 2017 05:57am EDT 

May 19 (Reuters) - Smiths Group Plc ::Chris O'Shea, chief financial officer, is stepping down from Smiths board to pursue his career outside group.With immediate effect, Bill Seeger, non-executive director and chair of audit committee, assumes role of interim chief financial officer.Chris O'Shea will continue to be available, as necessary, for a period of up to 6 months to ensure a smooth handover.Mark Seligman, non-executive director, becomes chair of audit committee.Board has now commenced a search for Chris O'Shea's successor.Smiths current trading and outlook remain in line with previous guidance.  Full Article

Smiths CFO says none of firm's units up for sale right now
Friday, 24 Mar 2017 05:51am EDT 

Smiths Group Plc Chief Financial Officer Chris O'Shea: Says none of co's divisions are up for sale right now Further company coverage: [SMIN.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Smiths Group quarterly revenue slips 2 pct on order timings

Nov 14 Smiths Group Plc said on Tuesday first-quarter underlying revenue fell 2 percent, hurt by order timings, but the British conglomerate kept its expectations for the year unchanged.