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IMI PLC (IMI.L)

IMI.L on London Stock Exchange

981.00GBp
21 Jan 2019
Change (% chg)

22.00 (+2.29%)
Prev Close
959.00
Open
962.00
Day's High
981.50
Day's Low
962.00
Volume
360,639
Avg. Vol
852,631
52-wk High
1,395.00
52-wk Low
867.50

Latest Key Developments (Source: Significant Developments)

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

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Oil helps FTSE 100 end turbulent week firmer, but Brexit weighs

LONDON Britain's top stock index rose on Friday after a tumultuous week, supported by a rally in oil stocks after OPEC and Russia agreed to cut output, but investors also fretted about next Tuesday's key parliamentary vote on Brexit.