johnsonmatthey
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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“The anxiety attack on the financial markets shows signs of alleviating, as investors pause for breath and spot signs of optimism while scientists race to establish the severity of the new variant. The FTSE 100 opened up 1% in early trading, recovering some of Friday’s dramatic losses and the FTSE 250 was 1.5% higher. Q3 2021 hedge fund letters, conferences and more Omicron's Impact On The Financial MarketsAmid the doom which took hold as doors were slammed shut on travel routes from Africa and increased restrictions were imposed, there are glimmers of hope. There are reports from doctors in S...
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Compass Group plc (LON:CPG) looks to capitalise on the easing of restrictionsQ3 2021 hedge fund letters, conferences and more Johnson Matthey PLC (LON:JMAT) looks to reassure the market after its surprise Battery Materials announcement earlier this monthWe’ll see whether elevated demand was enough to offset inflationary pressure at United Utilities Group PLC (LON:__UU\)__Compass Group, Full Year Results, Tuesday 23 NovemberMatthew Britzman , Equity Analyst “Considering catering companies were acutely hit by lockdowns, Compass’ recovery efforts can’t be knocked. Margins have been improving over...
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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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