Johnson Matthey's investors have become accustomed to the company making all the right noises when it updates the market. And yesterday it did not disappoint, writes the Independent. The speciality chemicals operation, which refines platinum and is the world's biggest maker of catalytic converters, has enjoyed a buoyant start to its financial year - sales (excluding precious metals) motored ahead by 12 per cent to £617m while underlying profit before tax jumped by 19 per cent to £98.2m.What we particularly liked about yesterday's statement was the group's confidence that the first-quarter performance will continue through the rest of the year - and this has been a company that usually delivers on such predictions. [20 Jul '11]
An attempt at continuing the late-morning rally fizzled out over the lunch time session, but prices are not as soft as might be expected given the array of bad news out there, such as the Japanese earthquake, the Libyan situation and the continuing concerns about European sovereign debt. [11 Mar '11]
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