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UK's Johnson Matthey hikes annual performance outlook
Johnson Matthey raised its outlook for full-year underlying operating performance. upbeat demand in hydrogen and catalyst technology units helps offset lower prices of precious metals. Hydrogen Technologies unit posted a 61% jump in sales in the first half of the year.
UK's Johnson Matthey to cut 600 jobs to focus on... UK's Johnson Matthey to cut 600 jobs to focus on energy-transition units. Company had started a cost-cutting programme in 2022 to save 150 million pounds.
UK house prices fall at fastest rate since 2009; rail strikes begin across England – business live Johnson Matthey is the top riser on the blue-chip index today, up 13%. Superdry asked for its shares to be suspended on Wednesday because of problems with its audit. Most rail services in England will not run on Friday due to the Aslef train drivers’ union strike.
Johnson Matthey surges after industrials investor... Standard Latitude Master Fund had taken a 5.2% stake in Johnson Matthey in April last year. Increase in stake by Standard Latitude, controlled by Standard Investments and the co-chiefs of Standard Industries, would make them the largest shareholder.
Marks & Spencer returns to FTSE 100 while Abrdn and Persimmon get the boot M&S will officially rejoin the FTSE 100 on September 18. Housebuilder Persimmon has been booted off the blue-chip index. Hiscox and chemicals business Johnson Matthey have also lost their spot.
Marks & Spencer to make FTSE 100 comeback Retailer will return to blue-chip index alongside Diploma, Hikma Pharmaceuticals and Dechra Pharmaceuticals. They will replace housebuilder Persimmon, investment group Abrdn, insurance firm Hiscox and chemicals business Johnson Matthey. M&S shares have risen nearly 77pc this year as Stuart Machin spearheads a revival of the retailer.
M&S set for FTSE 100 return but builder Persimmon heading for exit M&S, Dechra, Diploma and Hikma Pharmaceuticals to be promoted to FTSE 100. Persimmon, Abrdn, Johnson Matthey and RS Group are set for demotion.
UK's FTSE 100 falls as weak China data hits commodity stocks The blue-chip FTSE 100 (.FTSE) lost 0.1% on Monday. China's economy grew at a frail pace in the second quarter. Johnson Matthey gained 0.9% after Deutsche Bank upgraded the chemicals maker to "buy"
Microsoft says new computing service for chemicals can slash R&D time Azure Quantum Elements relies on computing power to help chemical companies simulate huge numbers of possible combinations of atoms. Microsoft said that BASF, AkzoNobel, AspenTech, Johnson Matthey, SCGC and 1910 Genetics have been testing the system.
Johnson Matthey faces court battle over £325m US deal A High Court scrap is developing over the sale to New York investment fund Altaris Capital Partners for £325 million. The FTSE 100 firm's health division was renamed Veranova after the deal concluded last May. Johnson Matthey was formally notified of the claim last month.
Johnson Matthey plans to sell medical device unit -... The sale could value the medtech unit at several hundred million pounds. The centuries-old firm posted a 21% drop in its annual earnings last week. Johnson Matthey has seen its stock drop more than 18% this year.
Johnson Matthey flags forex headwinds after posting lower annual profit British autocatalyst maker Johnson Matthey reported a 21% fall in annual profit. The company said it expected forex headwinds to impact its bottom line for the current year.Supply-chain disruptions in China and the war in Ukraine weighed on the company's performance.
Johnson Matthey flags forex headwinds after posting... British autocatalyst maker Johnson Matthey reported a 21% fall in annual profit. Underlying operating profit came in at 465 million pounds ($586.88 million) Analysts were expecting an operating profit of 455.1 million pounds, according to company-compiled estimates.
Johnson Matthey signs deal with Hystar to increase green hydrogen production Johnson Matthey signs three-year deal with Norway's Hystar to ramp up FTSE 100 firm's green hydrogen production. Latest partnership follows a similar deal earlier in the year with Plug Power. Johnson Matthey said it will supply Hystar with membrane electrode assemblies. Green hydrogen is a zero-carbon fuel made by using renewable power.
Johnson Matthey ties up with Hystar to boost green... Johnson Matthey says it has signed a three-year supply agreement with Norwegian firm Hystar AS. Announcement comes as companies globally are increasing investments in green hydrogen. Green hydrogen is a zero-carbon fuel made by using renewable power from wind and solar energy.
Johnson Matthey ties up with Hystar to boost green hydrogen output Johnson Matthey has signed a three-year supply agreement with Norwegian firm Hystar AS. Announcement comes as companies globally are increasing investments in green hydrogen. Green hydrogen is made by using renewable power from wind and solar energy to split water into hydrogen and oxygen.
BUSINESS LIVE: Dechra profits hit hurt; Begbies Traynor ups forecasts FTSE 100 will open at 8am. Dechra Pharmaceuticals, Begbies Traynor, Natwest, 888, Johnson Matthey, Wincanton and Kainos Group among companies with reports and trading updates.
UK at risk of falling behind in race to become green hydrogen global leader, Johnson Matthey says Johnson Matthey says it has intellectual property which could help the UK become a world leader in the production of green hydrogen. The chemicals and metals company is currently responsible for most of the world's catalytic convertors. But it warned that, with the United States providing hundreds of billions of dollars of subsidies, the UK risked losing out.
Bearing fruit, the tech to keep produce fresh and tasty in transit British fresh fruit technology that harnesses a mineral dug up with rare earth metals is gaining traction among growers. Staffordshire-based It's Fresh! has held a licence from Johnson Matthey since 2011.
Why Plug Power Stock Popped Almost 5% Today Shares of hydrogen fuel cell star Plug Power (NASDAQ: PLUG) jumped 4.7% through 11:45 a.m. ET Tuesday morning. The company secured a long-term supply agreement with British hydrogen technologies company Johnson Matthey (LSE: JMAT)
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