IMI Share News (IMI)

IN BRIEF: Ashtead Group appoints IMI CEO Twite to board

Ashtead Group PLC - US-focused industrial equipment rental - Appoints the chief executive officer of Birmingham, England-based engineering company IMI PLC, Roy Twite, to board as non-executive director. Ashtead Group Chair Paul Walker says: "We are delighted to welcome Roy to the Ashtead board. Roy brings a wealth of plc experience and expertise which will further strengthen the Ashtead board as the business commences its next strategic plan". Announcement comes on the same day as IMI reported its fourth year of profit growth and a 10% hike in the total dividend. IMI's pretax profit grew 6.0% to GBP302 million in 2023 from GBP285 million in 2022.

TOP NEWS: IMI lifts dividend by 10% after 4th year of profit growth

(Alliance News) - IMI PLC on Friday said it targeted continued margin progression as it reported higher profit and revenue for 2023, hiking its payout in response.

LONDON BROKER RATINGS: Numis cuts St James's Place to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

LONDON BRIEFING: Rightmove and IMI post higher revenue and profit

(Alliance News) - Stock prices are called to open higher on Friday, ahead of a slew of manufacturing data.

IMI sees higher earnings as 2023 profits jump 12%

(Sharecast News) - Specialist engineer IMI on Friday reported a 12% jump in full-year profits and forecast higher earnings this year driven by a strong order book.

UK earnings, trading statements calendar - next 7 days

LONDON MARKET CLOSE: Stocks recover pre-US Fed call and tech earnings

(Alliance News) - Stock prices in London closed up on Tuesday, as investors shook off some pre-interest rate decision nerves and ahead of earnings from Microsoft and Google owner Alphabet this evening.

IMI appoints Jamie Pike as next chair

(Sharecast News) - IMI said on Tuesday that Jamie Pike will be appointed as chair with effect from 1 January 2025, with current chair Lord Smith of Kelvin due to step down at the end of this year.

LONDON MARKET MIDDAY: Stocks surge before US tech earnings and Fed

(Alliance News) - Stock prices in London were higher at midday Tuesday, as investors shake off some pre-interest rate decision nerves, ahead of the Federal Reserve's first meeting of the year.

TOP NEWS: IMI names outgoing Spirax-Sarco head as new chair

(Alliance News) - IMI PLC on Tuesday named experienced board leader Jamie Pike as its next chair, as current Chair Lord Smith of Kelvin prepares to leave the company next year.

Broker tips: Kingfisher, Rotork, IMI, Intertek

(Sharecast News) - RBC Capital Markets downgraded B&Q and Castorama owner Kingfisher on Monday to 'sector perform' from 'outperform'.

LONDON BROKER RATINGS: Berenberg raises IMI; Exane BNP cuts Schroders

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Outlook finally improving for IMI and Rotork, says Berenberg

(Sharecast News) - Berenberg has upgraded its rating for engineering group IMI from 'hold' to 'buy', but has named peer Rotork as its top pick in the sector.

LONDON BRIEFING: Superdry looks at saving costs; Ferrexpo loses case

(Alliance News) - Stocks in London are expected to start the week on a cautious note, as investors nervously look ahead to two key interest rate decisions.

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.