Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJohnson Matthey Share News (JMAT)

Share Price Information for Johnson Matthey (JMAT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,807.00
Bid: 1,811.00
Ask: 1,814.00
Change: -15.00 (-0.82%)
Spread: 3.00 (0.166%)
Open: 1,816.00
High: 1,821.00
Low: 1,794.00
Prev. Close: 1,822.00
JMAT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London midday: Rebound falters as stocks pare gains after weak economic data

Wed, 11th Mar 2015 11:57

London's stocks rose on Wednesday after plunging to a seven-week low, though any hopes for a full reversal of the prior day's sell-off were shattered by gloomy data from China and weak production figures from the UK.London's FTSE 100 was up just 0.08% at 6,708.24 by midday, having quickly erased gains after rising to a high of 6,738.95 early on.The index sunk 2.5% on Tuesday to 6,702.84, its worst close since 20 January, as a stronger US dollar dampened the price of commodities and concerns about Greece weighed on sentiment.Upside was limited in morning trade on Wednesday after UK industrial production unexpectedly slipped by 0.1% in January, surprisingly analysts who had expected 0.2% growth after a 0.2% decline in December.Analysts at Capital Economics said the figures "provided further disappointing signs that the sector's recovery is struggling to re-gain momentum, after almost grinding to a halt in the fourth quarter".Chinese data disappointsThe annual rate of Chinese fixed asset investment growth slowed to 13.9% last month from 15.7% in January and retail sales grew 10.7% year-on-year in February, compared with 12% previously. Meanwhile, industrial production growth eased to just 6.8% from 8.3%, the lowest increase since March 2009.The worse-than-expected data came just a week after China's government lowered its economic growth target to "around 7%" this year from 7.4% in 2014."It's become quite normal to be disappointed with Chinese data releases and the People's Bank of China offering monetary stimulus in an effort to offset this has helped cushion the blow quite well, but this morning's data is pretty dire," said analyst Craig Erlam from FX trading group Oanda.Domino Printing soars, Cairn and N Brown sinkJapan-based office equipment supplier Brother Industries has agreed to acquire British printing technology company Domino Printing Sciences for £1.03bn, causing shares in the FTSE 250 group to surge 32%. Domino, which has operations in the UK, China, Germany, India, Sweden and the US, will continue to operate as a standalone division in the business.Cairn Energy dropped over 21% after being issued with a bill of at least $1.6bn by the Indian government due to unpaid tax by a subsidiary, which the oil group has contested.Retailer N Brown fell 14% after delivering its second profit warning in six months due to lower-than-expected product gross margins in the fourth quarter. The company said pre-tax profit for the full year would be "slightly below the range previously guided".Tullow Oil was flat as "excellent results" from its appraisal activity in the South Lokichar basin in Kenya were overshadowed by an exploration well on the North Turkana basin which had to be plugged and abandoned.Shares in Burberry advanced after the British fashion house appointed Fabiola Arredondo as a non-executive director. Arredondo, once named by The Wall Street Journal as the most influential businesswoman in Europe, has previously held senior roles at Yahoo, the BBC and Bertelsmann.Comments from Exane BNP Paribas were hitting the share price of Johnson Matthey as it lowered its stance on the chemicals outfit from 'outperform' to 'neutral', saying it sees lower medium-term structural growth and growing risks.Market MoverstechMARK 3,126.91 +0.66%FTSE 100 6,708.24 +0.08%FTSE 250 16,869.27 -0.31%FTSE 100 - RisersBurberry Group (BRBY) 1,850.00p +1.87%Aggreko (AGK) 1,541.00p +1.72%GKN (GKN) 356.70p +1.34%Associated British Foods (ABF) 3,014.00p +1.28%Mondi (MNDI) 1,325.00p +1.22%International Consolidated Airlines Group SA (CDI) (IAG) 552.00p +1.19%Prudential (PRU) 1,631.00p +1.18%CRH (CRH) 1,719.00p +1.18%Vodafone Group (VOD) 218.05p +1.16%Intu Properties (INTU) 338.40p +1.05%FTSE 100 - FallersFresnillo (FRES) 641.00p -2.44%Sports Direct International (SPD) 655.00p -2.24%Sainsbury (J) (SBRY) 260.50p -2.03%Coca-Cola HBC AG (CDI) (CCH) 1,093.00p -1.97%Glencore (GLEN) 282.65p -1.65%Hargreaves Lansdown (HL.) 1,099.00p -1.44%Johnson Matthey (JMAT) 3,261.00p -1.12%Antofagasta (ANTO) 704.00p -0.98%BHP Billiton (BLT) 1,457.00p -0.95%Barclays (BARC) 252.15p -0.85%FTSE 250 - RisersDomino Printing Sciences (DNO) 950.00p +31.76%Domino's Pizza Group (DOM) 772.50p +5.53%Greggs (GRG) 995.50p +2.95%Booker Group (BOK) 158.60p +2.52%Renishaw (RSW) 2,403.00p +2.26%Bodycote (BOY) 759.50p +1.54%Greencore Group (GNC) 330.10p +1.16%AL Noor Hospitals Group (ANH) 960.50p +1.16%Murray International Trust (MYI) 1,015.00p +1.10%Enterprise Inns (ETI) 104.30p +1.07%FTSE 250 - FallersCairn Energy (CNE) 144.10p -21.43%Brown (N.) Group (BWNG) 351.60p -13.95%IP Group (IPO) 220.80p -5.80%Lonmin (LMI) 107.20p -5.55%Ophir Energy (OPHR) 123.70p -5.28%Hunting (HTG) 466.90p -4.32%COLT Group SA (COLT) 139.60p -4.25%Premier Oil (PMO) 138.40p -4.16%Hikma Pharmaceuticals (HIK) 2,221.00p -4.10%Home Retail Group (HOME) 190.10p -3.75%
More News
19 Nov 2021 09:39

LONDON BROKER RATINGS: Credit Suisse cuts Johnson Matthey to Neutral

LONDON BROKER RATINGS: Credit Suisse cuts Johnson Matthey to Neutral

Read more
19 Nov 2021 08:06

LONDON BRIEFING: Ryanair to de-list from London as Brexit saps volume

LONDON BRIEFING: Ryanair to de-list from London as Brexit saps volume

Read more
17 Nov 2021 16:00

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
17 Nov 2021 09:34

LONDON BROKER RATINGS: Jefferies cuts M&S to Hold from Buy

LONDON BROKER RATINGS: Jefferies cuts M&S to Hold from Buy

Read more
12 Nov 2021 10:51

Berenberg lowers target price on Johnson Matthey

(Sharecast News) - Analyst at Berenberg lowered their target price on chemicals company Johnson Matthey from 3,600.0p to 2,800.0p on Friday, stating Thursday's announcement that it would exit its nascent battery materials business changed the nature of the stock's equity story.

Read more
12 Nov 2021 09:47

LONDON BROKER RATINGS: AVEVA cut to Hold; Berenberg initiates Quilter

LONDON BROKER RATINGS: AVEVA cut to Hold; Berenberg initiates Quilter

Read more
11 Nov 2021 17:01

LONDON MARKET CLOSE: Weaker pound helps FTSE to new post-virus high

LONDON MARKET CLOSE: Weaker pound helps FTSE to new post-virus high

Read more
11 Nov 2021 12:26

LONDON MARKET MIDDAY: Pound falls to near one-year low, lifts FTSE 100

LONDON MARKET MIDDAY: Pound falls to near one-year low, lifts FTSE 100

Read more
11 Nov 2021 10:11

UPDATE 2-Miners lift UK's FTSE 100 to new 20-month highs, Burberry slides

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Burberry slumps after earnings update* UK economy grows 0.6% in Sept* B&M drops on lower earnings* FTSE 100 up 0.6%, FTSE 250 adds 0.6% (U...

Read more
11 Nov 2021 09:20

UPDATE 4-Johnson Matthey shares plunge as firm exits battery materials business

* Triple whammy of market exit, CEO change, profit warning hurt co* Investments in battery material not justified now -Co* Stock falls 20% at one point, drags down Umicore too* Names Bayer's Condon to succeed MacLeod (Adds analyst comment, backgrou...

Read more
11 Nov 2021 09:20

UPDATE 3-Johnson Matthey shares plunge as it exits battery materials business

* Triple whammy of market exit, CEO change, profit warning hurt co* Investments in battery material not justified now - Co* Stock falls 20% at one point, drags down peers too* Names Bayer's Condon to succeed MacLeod (Adds analyst comment, backgroun...

Read more
11 Nov 2021 09:20

UPDATE 2-Johnson Matthey shares plunge as it exits battery materials business, CEO to step down

* Triple whammy of market exit, CEO change, profit warning hurt co* Names Bayer's Condon to succeed MacLeod* Investments in battery material not justified now - Co (Writes through with detail, shares)By Yadarisa ShabongNov 11 (Reuters) - Johnson Ma...

Read more
11 Nov 2021 09:18

TOP NEWS: Johnson Matthey warns on profit amid restructuring, new CEO

TOP NEWS: Johnson Matthey warns on profit amid restructuring, new CEO

Read more
11 Nov 2021 08:54

LONDON MARKET OPEN: Auto Trader and Johnson Matthey bookend FTSE 100

LONDON MARKET OPEN: Auto Trader and Johnson Matthey bookend FTSE 100

Read more
11 Nov 2021 08:25

LONDON BRIEFING: Johnson Matthey to change CEO and exit battery metals

LONDON BRIEFING: Johnson Matthey to change CEO and exit battery metals

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.