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IMI PLC (IMI.L)

IMI.L on London Stock Exchange

959.00GBp
23 Aug 2019
Change (% chg)

-7.40 (-0.77%)
Prev Close
966.40
Open
980.00
Day's High
983.40
Day's Low
959.00
Volume
251,367
Avg. Vol
574,519
52-wk High
1,237.00
52-wk Low
867.50

Latest Key Developments (Source: Significant Developments)

IMI Plc Sees Lower H1 Organic Revenue, Develops Brexit Contingency Plans
Friday, 1 Mar 2019 

March 1 (Reuters) - IMI PLC ::IMI PLC - FY ADJUSTED PROFIT BEFORE TAX FROM CONTINUING OPERATIONS £251M VERSUS £224M .IMI PLC - FY ADJUSTED REVENUE FROM CONTINUING OPERATIONS £1,907M VERSUS £1,751M.IMI PLC - FY RESULTS AHEAD OF MARKET EXPECTATIONS.IMI PLC - FY STATUTORY REVENUE FROM CONTINUING OPERATIONS £1,907M VERSUS £1,751M.IMI PLC - IN FIRST HALF OF 2019 WE EXPECT ORGANIC REVENUES TO BE LOWER THAN SAME PERIOD IN 2018.IMI PLC - GROUP HAS DEVELOPED A NUMBER OF BREXIT RELATED CONTINGENCY PLANS.IMI PLC - BREXIT CONTINGENCY PLANS, INCLUDES BUILDING LONG LEAD-TIME INVENTORIES TO SUPPORT CUSTOMERS IN EVENT OF INCREASED BORDER CONTROLS OR DELAYS.IMI PLC - FY STATUTORY PROFIT BEFORE TAX FROM CONTINUING OPERATIONS £213M VERSUS £181M.IMI PLC - BOARD IS RECOMMENDING AN INCREASE IN FINAL DIVIDEND OF 3% TO 26.0P (2017: 25.2P).IMI PLC - RESULTS FOR FULL YEAR ARE EXPECTED TO REFLECT A MORE FAVOURABLE SECOND HALF PHASING AND BENEFITS FROM RESTRUCTURING.  Full Article

IMI Appoints Roy Twite CEO
Friday, 1 Mar 2019 

March 1 (Reuters) - IMI PLC ::CEO SUCCESSION.MARK SELWAY HAS CONFIRMED THAT HE INTENDS TO STEP DOWN AS CHIEF EXECUTIVE.MARK SELWAY SUCCEEDED BY ROY TWITE.MARK SELWAY RETIRE FROM BOARD ON 31 JULY 2019.  Full Article

IMI Expects FY18 Results To Be In-Line With Current Market Expectations
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - IMI PLC ::EXPECT FULL YEAR 2018 RESULTS TO BE IN-LINE WITH CURRENT MARKET EXPECTATIONS.WHILE POSITIVE MOMENTUM IS EVIDENT IN SOME OF CO'S MOST IMPORTANT MARKETS, INCREASED VOLATILITY HAS BECOME A FEATURE THROUGH Q3.FOR 9 MONTHS TO SEPTEMBER, ORGANIC REVENUES WERE 5% HIGHER THAN SAME PERIOD LAST YEAR.  Full Article

IMI Names Dan Romeo As New CFO
Monday, 25 Jun 2018 

June 25 (Reuters) - IMI PLC ::IMI NAMES DAN ROMEO NEW CFO.HAS NAMED DAN ROMEO ITS NEW CFO.  Full Article

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

Ex-divs to take 37.7 points off FTSE 100 on Aug 8

MILAN, Aug 5 The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take around 37.7 points off the index. (RIC) COMPANY DIVIDEND STOCK Max (pence) OPTION Shift ASTRAZENEC