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Smith & Nephew PLC (SN.L)

SN.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Smith & Nephew Announces Full Commercial Release Of Journey II XR Total Knee Arthroplasty​
Tuesday, 6 Mar 2018 09:00am EST 

March 6 (Reuters) - Smith & Nephew Plc ::SMITH & NEPHEW PLC - ANNOUNCES FULL COMMERCIAL RELEASE OF JOURNEY II XR TOTAL KNEE ARTHROPLASTY​.  Full Article

Smith & Nephew announces acquisition of Rotation Medical Inc​
Wednesday, 6 Dec 2017 02:00am EST 

Dec 6 (Reuters) - SMITH & NEPHEW PLC ::ACQUISITION OF ROTATION MEDICAL INC​.‍ACQUISITION COST IS $125 MILLION AND UP TO A FURTHER $85 MILLION OVER NEXT FIVE YEARS, CONTINGENT ON FINANCIAL PERFORMANCE​.  Full Article

S&N CEO will not confim if activist investor Elliott has stake
Friday, 3 Nov 2017 03:31am EDT 

Nov 3 (Reuters) - Smith & Nephew :Ceo says cost savings plan will be finalised by year-end results in feb.Ceo will not comment on identity of any investors.Ceo says not thinking about asset disposal at all.Ceo says he will until last day of his tenure, transition will be smooth.Ceo says impact of us. Hurricanes was about $5 million, also affected emerging markets.Ceo says he confident in existing company strategy, pursuing ongoing simplification.Ceo says he is not pushing for m&a, believe startegy will create value for all shareholders.  Full Article

Smith & Nephew says to buy Rotation Medical Inc​
Monday, 23 Oct 2017 09:00am EDT 

Oct 23 (Reuters) - SMITH & NEPHEW PLC ::‍ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE ROTATION MEDICAL INC​.‍ACQUISITION WILL BE FINANCED FROM EXISTING CASH AND DEBT FACILITIES​.‍TRANSACTION IS EXPECTED TO CLOSE IN LATE 2017​.‍INITIAL CASH CONSIDERATION OF $125 MILLION AND UP TO $85 MILLION OVER NEXT FIVE YEARS, CONTINGENT ON FINANCIAL PERFORMANCE.​.‍TRANSACTION IS EXPECTED TO CLOSE IN LATE 2017 AND TO BE EARNINGS NEUTRAL IN 2018 AND ACCRETIVE IN 2019.​.  Full Article

Smith & Nephew partners with Imperial College to develop surgical techniques in sports medicine
Tuesday, 5 Sep 2017 03:00am EDT 

Sept 5 (Reuters) - Smith & Nephew Plc :SMITH & NEPHEW AND IMPERIAL COLLEGE PARTNER TO DEVELOP ENHANCED SURGICAL TECHNIQUES IN SPORTS MEDICINE.  Full Article

Smith & Nephew posts H1 operating profit of $414 mln
Thursday, 27 Jul 2017 02:00am EDT 

July 27 (Reuters) - SMITH & NEPHEW PLC ::H1 REVENUE 2.336 BILLION USD VERSUS 2.328 BILLION USD YEAR AGO.Q2 REVENUE $1,194 MILLION VERSUS $1,191 MILLION YEAR AGO.H1 OPERATING PROFIT $414 MILLION VERSUS $357 MILLION YEAR AGO.H1 TRADING PROFIT $493 MILLION VERSUS $483 MILLION YEAR AGO.HY OPERATING PROFIT MARGIN OF 17.7%, AN INCREASE OF 240BPS.SUSTAINED RECOVERY IN EMERGING MARKETS WITH REVENUE UP 13% IN Q2.SAW STRONG GROWTH IN KNEE IMPLANTS AND ADVANCED WOUND DEVICES IN Q2.Q2 REPORTED GROWTH RATE INCLUDES -1% FX HEADWIND AND -2% IMPACT OF 2016 DISPOSAL OF GYNAECOLOGY.INTERIM DIVIDEND OF 12.3 CENTS PER SHARE.CONTINUE TO EXPECT UNDERLYING REVENUE GROWTH OF 3-4% AND A 20-70BPS IMPROVEMENT IN TRADING PROFIT MARGIN FOR FULL YEAR.ON-TRACK TO DELIVER FULL YEAR REVENUE AND TRADING MARGIN GUIDANCE, WHICH IS UNCHANGED.EXPECT 2017 REVENUE GROWTH TO BE IN RANGE OF 2.5-3.5% BASED ON PREVAILING EXCHANGE RATES AT 21 JULY 2017.EXPECT 2017 TAX RATE ON TRADING RESULTS FOR FULL YEAR TO BE AROUND 22%.EXPECT TAX RATE ON TRADING RESULTS OF AROUND 25% TO BE SUSTAINABLE, BARRING ANY CHANGES TO TAX LEGISLATION OR OTHER ONE-OFF ITEMS.  Full Article

Smith & Nephew appoints Angie Risley as chairman elect of remuneration committee
Tuesday, 4 Jul 2017 03:04am EDT 

July 4 (Reuters) - Smith & Nephew Plc :Appointment of Angie Risley as non-executive director and chairman elect of remuneration committee.  Full Article

Smith & Nephew says CFO leaves co as announced in July
Thursday, 12 Jan 2017 07:14am EST 

Smith & Nephew Plc : Directorate change .Julie Brown, Chief Financial Officer, left company.  Full Article

Smith & Nephew starts share buyback after gynaecology divestment completes
Monday, 8 Aug 2016 02:00am EDT 

Smith & Nephew Plc : Smith & nephew completes gynaecology sale and commences $300 million share buy-back programme . Completion of sale and commencement of buy-back . Smith & nephew completes gynaecology sale and commences $300 million share buy-back programme . Completed divestiture of its gynaecology business to medtronic plc (nyse:mdt) for $350 million. .Maximum pecuniary amount allocated to buy-back programme is $300 million and maximum number of shares that will be purchased is estimated to be 18.3 million.  Full Article

Smith & Nephew says CFO Julie Brown to leave for Burberry
Monday, 11 Jul 2016 08:56am EDT 

Smith & Nephew Plc : Julie Brown, chief financial officer, will be leaving company in Jan. 2017 to join Burberry as chief operating and financial officer .Search for a successor to Julie is underway, and a further announcement will be made in due course.  Full Article

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S&P 500 ends slightly lower on earnings disappointments; yields slip

NEW YORK U.S. stocks cut sharp early losses to end mostly down slightly on Thursday as some disappointing earnings reports offset strong economic data, while bond yields slid after a surprising drop in euro zone inflation data.