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(Alliance News) - Stock prices in London closed mostly higher on Friday, after FTSE 100 leader Smiths Group pleased investors by announcing spin-offs and an increase to its buyback programme.
Smiths Group, the 174-year-old FTSE 100 industrial ... before selling or separately listing its Detection division, whose scanners are used to monitor airport baggage and mail.
It will also hive off its Smiths Detection business, which makes X-ray machines for airports, it said on Friday. Smiths is among the UK’s biggest industrial firms, with four companies stretching ...
Once that deal is completed, the FTSE 100 company then intends to sell or demerge Smiths Detection, a baggage screening and explosive detector business. Smiths said a 'large portion' of proceeds ...
Smiths Group Plc announced plans to carve up the UK engineering company after coming under pressure from an activist shareholder to unlock more value. The shares surged to a record in London trading.
The FTSE 100 firm is to offload two of its main businesses, after a US activist investment group said it needs to boost its ...
Following this, Smiths Detection, which manufactures X-ray screening technology for airports, will also be offloaded, the group announced on Friday. The move marks a significant shift in Smiths ...