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IMI PLC (IMI.L)

IMI.L on London Stock Exchange

983.40GBp
20 Sep 2019
Change (% chg)

-14.20 (-1.42%)
Prev Close
997.60
Open
995.40
Day's High
1,003.00
Day's Low
983.40
Volume
858,984
Avg. Vol
534,518
52-wk High
1,165.00
52-wk Low
867.50

Latest Key Developments (Source: Significant Developments)

IMI PLC Says HY Adj Rev From Cont Ops £910 Mln Vs. £915 Mln
Friday, 26 Jul 2019 

July 26 (Reuters) - IMI PLC ::IMI PLC SAYS HY ADJUSTED REVENUE FROM CONTINUING OPERATIONS £910 MILLION VERSUS. £915 MILLION.IMI PLC SAYS HY ADJUSTED OPERATING PROFIT £118 MILLION VERSUS £120M MILLION.IMI PLC SAYS HY ADJUSTED OPERATING MARGIN 13.0% VERSUS. 13.1%.  Full Article

IMI Expects H1 Organic Revenues Lower Than Same Period In 2018
Thursday, 9 May 2019 

May 9 (Reuters) - IMI PLC ::RESULTS FOR Q1 OF 2019 REFLECT A CONTINUATION OF MIXED TRADING CONDITIONS EXPERIENCED IN FINAL QUARTER OF 2018.RESULTS FOR FULL YEAR ARE EXPECTED TO BE IN LINE WITH CURRENT MARKET EXPECTATIONS.IMI - EXCLUDING IMPACT OF ACQUISITIONS AND EXCHANGE RATE MOVEMENTS, ORGANIC REVENUE FOR THREE MONTHS WERE 2% LOWER WHEN COMPARED TO SAME PERIOD LAST YEAR.IN FIRST HALF OF 2019 WE STILL EXPECT ORGANIC REVENUES TO BE LOWER THAN SAME PERIOD IN 2018.H1 MARGINS ARE EXPECTED TO BE BROADLY SIMILAR SUPPORTED BY OPERATIONAL INITIATIVES.EXPECT FIRST HALF ORGANIC REVENUES AND PROFITS TO BE LOWER WHEN COMPARED TO 2018.RESULTS FOR FULL YEAR ARE EXPECTED TO REFLECT BENEFITS RESULTING FROM ONGOING RESTRUCTURING AND COMPARABLY STRONGER AFTERMARKET SALES.2019 FULL YEAR FINANCIAL RESULTS WILL BE IMPACTED BY RELATIVE STRENGTH OF STERLING AGAINST EURO AND US DOLLAR.AT 2019 Q1 AVERAGE RATES, THIS WOULD GIVE RISE TO AN EXCHANGE RATE HEADWIND OF AROUND 1% TO BOTH REVENUES AND PROFITS IN FULL YEAR.  Full Article

Artisan Partners Ltd Partnership Raises Stake To 10.37 Pct From 5.33 Pct In IMI - Filing
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - IMI PLC ::ARTISAN PARTNERS LIMITED PARTNERSHIP RAISES STAKE TO 10.37 PERCENT FROM 5.33 PERCENT IN IMI PLC - FILING.  Full Article

IMI Says Expect H1 2018 Organic Revenues To Be Higher Than 2017​
Friday, 2 Mar 2018 

March 2 (Reuters) - IMI Plc ::FY REVENUE ROSE 6 PERCENT TO 1.751 BILLION STG.FY DILUTED EPS ROSE 24 PERCENT TO 59.7 PENCE.FY BASIC EPS ROSE 11 PERCENT TO 53.6 PENCE.FINAL DIVIDEND UP 2 PERCENT TO 25.2 PENCEPER SHARE.TOTAL DIVIDEND UP 1.8 PERCENT TO 39.4 PENCEPER SHARE.‍IN FIRST HALF OF 2018 WE EXPECT ORGANIC REVENUES TO BE HIGHER THAN FOR SAME PERIOD IN 2017​.ACQUISITION OF BIMBA FOR A TOTAL CONSIDERATION OF £148M (US$198M) WAS COMPLETED ON 31 JANUARY 2018.​.  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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Israeli defence firm Elbit eyes U.S. market for further growth

JERUSALEM Israeli defence electronics company Elbit Systems reported higher quarterly profit on Thursday, driven by its acquisition of rival IMI, and said it would continue to target the U.S. market to help fuel growth.