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Pin to quick picksJohnson Matthey Share News (JMAT)

Share Price Information for Johnson Matthey (JMAT)

London Stock Exchange
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Share Price: 1,804.00
Bid: 1,813.00
Ask: 1,816.00
Change: 0.00 (0.00%)
Spread: 3.00 (0.165%)
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Prev. Close: 1,804.00
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Sector movers: Automobile stocks boosted by US sales figures, weak euro

Thu, 02nd Jun 2016 16:48

(ShareCast News) - Cyclical sectors such as chemicals and automobiles led gainers, alongside a bounce for food&drug retailers and fixed line telecommunications stocks.Shares in Johnson Matthey were the main culprit behind gains in the former, after the chemicals and sustainable technology group expressed confidence in its long-term performance. Victrex also rose, on the heels of supportive comments out of UBS.Automobiles stocks on the other hand were benefitting from figures released Stateside during the previous session revealing that US sales of lightweight vehicles reached an annualised pace of 17.37mn units in May, a touch above a forecast from analysts at Barclays for a rise of 17.3m.Some market commentary also referenced the tailwind for the European auto sector from a weaker single currency.The DJ Stoxx 600 Auto&Parts sub-index strengthened 1.11% or 5.38 points to 488.87 on the back of those numbers.Monthly data from Nielsen continued to point to a steady erosion of the Big Four grocers´ market share, analysts at ShoreCap said.However, those figures from Nielsen also revealed that two out of the four weeks up to 21 May had been positive at an industry level, the broker said."Could the industry be moving to positive volumes and values? We should say at the start, well done to Marks & Spencer^ ('M&S'), which looks like it's had a great 12-weeks (12W) in its Food Halls," analyst Clive Black said in a research note sent to clients.Shares in Marks&Spencer were nevertheless the second-worst performer on the Footsie on Thursday, as the company went ex-dividend.National Grid sank to the bottom of the pile for that same reason.Insurance and financials were lower as the US government interest rate curve flattened ahead of Friday´s release of the May jobs report."Cyclicals stand to gain the most from higher yields - all but 2 sectors are positively correlated to rising US yields. In particular, Insurance, Autos and Tech are the best performers in rising yields. European Banks' relative performance has also tracked the level of US yields in the last few years. Defensives are all negatively correlated," UBS strategist said in a research report sent to clients on 2 June. Top performing sectors so far todayChemicals 11,018.79 +2.97%Automobiles & Parts 6,598.02 +2.17%Food & Drug Retailers 2,746.82 +1.08%Aerospace and Defence 4,017.01 +0.63%Fixed Line Telecommunications 4,933.93 +0.52%Bottom performing sectors so far todayIndustrial Metals & Mining 1,080.40 -3.18%Gas, Water & Multiutilities 5,957.32 -2.94%Real Estate Investment & Services 2,704.62 -0.67%Insurance (non-life) 2,548.61 -0.60%Financial Services 8,823.06 -0.47%
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European shares seen rising ahead of inflation data

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

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30 May 2023 09:14

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LONDON MARKET OPEN: Stocks lower; Coca-Cola HBC down, Hill & Smith up

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25 May 2023 08:49

LSEG chief financial officer Anna Manz to step down

LONDON, May 25 (Reuters) - London Stock Exchange Group said on Thursday its group Chief Financial Officer Anna Manz would relinquish her role next year to take a similar position outside the financial industry.

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25 May 2023 08:42

TOP NEWS: Johnson Matthey revenue falls, warns of volatile metal prices

(Alliance News) - Johnson Matthey PLC on Thursday reported a mixed financial year, with results coming in below market consensus.

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25 May 2023 07:52

LONDON BRIEFING: Germany enters recession; UK energy price cap lowered

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25 May 2023 07:21

Johnson Matthey profits fall on lower PGM prices, inflation

(Sharecast News) - Johnson Matthey reported a fall in annual profit on Thursday as lower average precious metal prices and higher costs hit the bottom line.

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22 May 2023 08:49

IN BRIEF: Johnson Matthey and Hystar partner in green hydrogen ramp-up

Johnson Matthey PLC - London-based speciality chemicals and sustainable technology - Signs three-year strategic supply agreement with Norway-based Hystar AS in renewable hydrogen production. Will supply membrane electrode assemblies to Hystar's proton exchange membrane electrolysers to be used in the HyPilot project in Norway. As part of the project, Hystar will deliver a complete, autonomous, containerized PEM electrolyser with a hydrogen production capacity of up to 745 kilograms per day. This is an extension of a collaboration between the two companies which began in 2021, focused on electrolyser stack development.

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22 May 2023 08:42

IN BRIEF: AstraZeneca hires LSEG CFO Anna Manz as non-exec director

AstraZeneca PLC - Cambridge, England-based pharmaceutical maker - Hires Chief Financial Officer Anna Manz of London Stock Exchange Group PLC as a non-executive director from September 1. Manz joined the price data, trading and clearing systems operator in November 2020 as CFO. She was CFO of speciality chemicals Johnson Matthey PLC from 2016 to 2020. Prior to that, Manz spent 17 years at London-based brewer and distiller Diageo PLC in a number of senior finance roles, Astra noted.

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22 May 2023 08:06

Johnson Matthey signs three-year supply agreement with Norway's Hystar

(Sharecast News) - Johnson Matthey said on Monday that it has signed a three-year strategic supply agreement with Hystar, a Norwegian high-tech hydrogen company, to ramp up renewable hydrogen production.

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22 May 2023 07:53

LONDON BRIEFING: UK cuts NatWest stake below 40%, halved from peak

(Alliance News) - Stocks in London were called to open flat on Monday, after news that UK house prices hit a new record high in May and amid resumed talks to break the impasse over raising the US debt ceiling.

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