Specialty chemicals group Johnson Matthey said on Thursday that it has agreed the sale of its Alfa Aesar Research Chemicals business to Thermo Fisher Scientific for £256m in cash. The transaction is expected to be completed by the end of the 2015 calendar year, subject to satisfaction of typical pre
Read moreJune 25 (Reuters) - Specialty chemicals firm Johnson Matthey Plc said it would sell its research chemicals unit to Thermo Fisher Scientific Inc for 256 million pounds ($403 million) in cash. The London-listed firm revealed it was in talks to sell the unit earlier this month as it shifts foc
Read moreUK stocks closed with small gains on Tuesday but finished higher for the fourth straight day as hopes over Greece continued to support markets. The FTSE 100 rose 9.2 points (+0.13%) to 6,834.87, its highest finish since 11 June, as broker upgrades lifted shares of blue chips Sports Direct, Smith & N
Read moreJohnson Matthey rose 2.4% on Tuesday, topping the FTSE 100 leader board after Citigroup upgraded the stock to 'buy' from 'neutral' and raised the price target to 3,600p from 3,200p. Citi pointed out that 50% of the company's earnings before interest and tax is based on emission catalysts for light d
Read moreLondon markets continued to rebound on Tuesday, as better-than-expected economic data, positive broker sentiment and renewed optimism on Greek negotiations buoyed stocks. As of 14:15 BST, the FTSE 100 was trading 0.3% higher at 6,846. Distribution and outsourcing business Bunzl disappointed with a
Read moreBetter-than-expected economic data and improving optimism surrounding Greece strengthened stock markets on Tuesday morning, with sentiment also lifted by a raft of broker upgrades. The FTSE 100 was trading 0.25% higher at 6,842.53 by midday with Sports Direct, Smith & Nephew, Johnson Matthey, Diageo
Read moreJohnson Matthey rose 2.4% on Tuesday, topping the FTSE 100 leader board after Citigroup upgraded the stock to 'buy' from 'neutral' and raised the price target to 3,600p from 3,200p. Citi pointed out that 50% of the company's earnings before interest and tax is based on emission catalysts for light d
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