Edition:
United Kingdom

IMI PLC (IMI.L)

IMI.L on London Stock Exchange

1,168.00GBp
19 Jun 2018
Change (% chg)

-25.00 (-2.10%)
Prev Close
1,193.00
Open
1,184.00
Day's High
1,185.00
Day's Low
1,163.00
Volume
711,201
Avg. Vol
1,332,216
52-wk High
1,453.00
52-wk Low
1,004.00

Latest Key Developments (Source: Significant Developments)

IMI Says Q1 2018 Reflect Continuation Of Improved Trading Experienced Across Group Through 2017
Thursday, 3 May 2018 

May 3 (Reuters) - IMI PLC ::RESULTS IN Q1 OF 2018 REFLECT A CONTINUATION OF IMPROVED TRADING EXPERIENCED ACROSS GROUP THROUGH 2017.CURRENT TRADING REMAINS CONSISTENT WITH MARKET CONSENSUS EXPECTATIONS FOR YEAR.EXCLUDING IMPACT OF ACQUISITIONS, DISPOSALS AND EXCHANGE RATE MOVEMENTS, ORGANIC REVENUES FOR THREE MONTHS TO END OF MARCH WERE 2% HIGHER YOY.SAYS PRECISION ENGINEERING ORGANIC REVENUES IN THREE MONTHS TO END OF MARCH WERE 8% HIGHER THAN LAST YEAR.ON AN ADJUSTED BASIS, Q1 REVENUES WERE 3% HIGHER.CONTINUE TO EXPECT ORGANIC REVENUES IN FIRST HALF OF 2018 TO BE HIGHER THAN FIRST HALF OF 2017.RESULTS FOR FULL YEAR ARE EXPECTED TO REFLECT NORMAL TRADING SEASONALITY.SEES MODEST YEAR-ON-YEAR IMPROVEMENT IN MARGINS IN H1 2018.Q1 HYDRONIC ENGINEERING REVENUES WERE 4% LOWER ON BOTH AN ORGANIC AND ADJUSTED BASIS, WHEN COMPARED TO SAME PERIOD IN 2017.CRITICAL ENGINEERING ORGANIC REVENUES IN THREE MONTHS TO END OF MARCH WERE 4% LOWER, AND ON AN ADJUSTED BASIS WERE 7% LOWER.2018 FINANCIAL RESULTS WILL BE IMPACTED BY RELATIVE STRENGTH OF STERLING AGAINST EURO AND US DOLLAR.  Full Article

IMI To Acquire Bimba Manufacturing Company For $198 Million​
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Imi Plc ::‍AGREES TO ACQUIRE BIMBA MANUFACTURING COMPANY FOR US$198 MILLION​.DEAL WILL BE EARNINGS ENHANCING IN FIRST FULL YEAR OF OWNERSHIP WITH RETURN ON CAPITAL EXCEEDING IMI'S COST OF CAPITAL WITHIN FIRST 3 YEARS​.‍CONSIDERATION FOR TRANSACTION WILL BE US$198 MILLION (£148 MILLION 1 ) PAYABLE IN CASH ON COMPLETION FROM EXISTING BANK FACILITIES​.  Full Article

IMI sees modest Brexit impact, sees FY results in line
Friday, 29 Jul 2016 

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

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Housebuilders, miners & oil stocks weigh on FTSE

LONDON Losses in miners and oil majors sent Britain's top share index into the red on Tuesday, while housebuilding stocks tumbled after weak results from Crest Nicholson piled extra pressure on a sector already hit by a run of poor economic data.