Edition:
United Kingdom

Smith & Nephew PLC (SN.L)

SN.L on London Stock Exchange

1,447.80GBp
21 Feb 2019
Change (% chg)

9.80 (+0.68%)
Prev Close
1,438.00
Open
1,445.00
Day's High
1,448.00
Day's Low
1,441.50
Volume
690,433
Avg. Vol
2,560,873
52-wk High
1,548.50
52-wk Low
1,242.50

Latest Key Developments (Source: Significant Developments)

Smith & Nephew Says Ian Barlow Will Retire As Senior Independent Director
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Smith & Nephew PLC ::SMITH & NEPHEW PLC - IAN BARLOW WILL RETIRE AS SENIOR INDEPENDENT DIRECTOR.  Full Article

Smith & Nephew Qtrly Rev Up 1 Pct
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Smith & Nephew PLC ::QTRLY REVENUE $1,294 MILLION VERSUS $1,278 MILLION.FY REVENUE 4.904 BILLION USD VERSUS 4.765 BILLION USD YEAR AGO.SEES 2019 REVENUE EXPECTED TO INCREASE 2.5-3.5% UNDERLYING (AROUND 1.8-2.8% REPORTED).SEES 2019 TRADING PROFIT MARGIN EXPECTED IN 22.8-23.2% RANGE, A 40-80 BPS IMPROVEMENT EXCLUDING ONE-OFF 2018 LEGAL GAIN.FY EPS/ EPSA 76 CENTS.FY REPORTED REVENUE GROWTH OF 3% IS AFTER +1% FX IMPACT.FY FULL YEAR DIVIDEND UP 3% TO 36.0¢ PER SHARE.FY TRADING PROFIT MARGIN INCLUDES 50BPS BENEFIT FROM ONE-OFF LEGAL SETTLEMENT.TRADING PROFIT FOR YEAR WAS $1,123 MILLION (2017: $1,048 MILLION).DOES NOT BELIEVE UK'S DECISION TO LEAVE EU WILL HAVE SIGNIFICANT IMPACT ON LONG-TERM ABILITY TO CONDUCT BUSINESS INTO & OUT OF EU/UK.  Full Article

Smith & Nephew Announces U.S. Launch Of Pico 7 Single Use Negative Pressure Wound Therapy System
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Smith & Nephew PLC ::SMITH & NEPHEW ANNOUNCES US LAUNCH OF NEW PICO™ 7 SINGLE USE NEGATIVE PRESSURE WOUND THERAPY SYSTEM.  Full Article

U.S. FDA Approves Removal Of Boxed Warning From Smith & Nephew's REGRANEX Gel
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Smith & Nephew PLC ::FDA APPROVES REMOVAL OF BOXED WARNING FROM REGRANEX◊ (BECAPLERMIN) GEL, 0.01% AS MULTIPLE STUDIES DEMONSTRATE PRODUCT SAFETY.U.S. FDA APPROVED REMOVING BOXED WARNING FOR HIGHER MORTALITY RATE SECONDARY TO MALIGNANCY FROM PRESCRIBING INFO OF REGRANEX GEL.  Full Article

Smith & Nephew Sees Corporate Tax Rate On Trading Results In 20-21 Pct Range From 2018
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Smith & Nephew Plc ::‍SMITH & NEPHEW UPDATE ON TAX​.‍AS RESULT OF US TAX CHANGE, FROM 2018 NOW EXPECTS A CORPORATE TAX RATE ON TRADING RESULTS IN RANGE 20% TO 21% FOR MEDIUM TERM​.‍EXPECT FULL YEAR TAX RATE ON 2017 TRADING RESULTS TO BE LOWER THAN OUR PREVIOUS GUIDANCE OF AROUND 22%​.‍THIS IS REDUCTION OF 4 TO 5 PERCENTAGE POINTS ON OUR PREVIOUS GUIDANCE OF AROUND 25%​.  Full Article

Smith & Nephew announces acquisition of Rotation Medical Inc​
Wednesday, 6 Dec 2017 

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 

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 

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

Paul Singer's Elliott is said to build a stake in Smith & Nephew - Bloomberg‍​
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Smith & Nephew Plc :Paul Singer's Elliott is said to build a stake in Smith & Nephew - Bloomberg, citing sources ‍​.  Full Article

Smith & Nephew CEO Olivier Bohuon to retire by end-2018
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Smith & Nephew Plc :‍notice of chief executive officer's intention to retire by end of 2018​.‍board is commencing a search for a successor​.‍olivier will continue to lead smith & nephew and drive company's growth initiatives and operating plans​.  Full Article

UPDATE 2-FTSE 100 climbs as U.S.-China trade talks take off

* Mid-cap Metro Bank jumps on rating upgrade (Changes quote, updates to closing prices)