Last checked at (Sharecast News) - Specialist engineering firm IMI said Thursday lifted earnings guidance after a better-than-expected third-quarter performance, but warned of exchange rate headwinds for the full year.
The company on Thursday said revenue for the three months to September 30 rose 6% to £453m. Sales and operating profits for the period were higher on an organic basis than last year and pre-pandemic 2019.
IMI said revenue and profit in the full year would be adversely affected by 4% to 5% if exchange rates in early November continued for the rest of the year.
Adjusted earnings per share were now expected to be 88p - 92p.
26 Apr 2021 08:38
London open: Stocks dip despite tentative moves to reopen international travel
(Sharecast News) - Stocks are coming under a little bit of selling pressure at the start of trading on Monday as investors monitor the headlines out of Asia concerning the epidemic and its possible impact on economies.
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