Major Smith & Nephew investors call for break-up of medical device maker healthcare Three of Smith & Nephew's biggest shareholders are reportedly urging the FTSE 100 firm to break up if it cannot improve performance.
Smith & Nephew slashes guidance as China slowdown continues Retail Hip and knee implant maker Smith & Nephew has cut its full-year guidance as it continues to grapple with a slowdown in China. It booked third quarter revenue of $1.4bn (£1.08bn), up four per cent year on year, but Chinese sales dragged as the region experienced “worse than expected headwinds” across the surgical businesses. The [...]
Mark Kleinman: Labour’s economic plan remains a £63bn question Business Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City A.M. column. This week he tackles big questions for Labour, pragmatism in the City and the building-blocks of a takeover Labour’s economic plan remains a £63bn question So there we have it: £63bn. Not bad [...]
Smith & Nephew hits back at claims it massaged profit margins October 14, 2024 Embattled hip and knee implant maker Smith & Nephew has hit back at a report claiming that it deployed aggressive accounting techniques to bolster its profit margins.
Smith & Nephew profit jumps by a fifth as medical services firm credits 12-point plan for turnaround August 1, 2024 Smith & Nephew's half year results show an over 20 per cent increase in its operating profits as the group credits its 12-Point Plan to become a "more profitable business"
Could Smith & Nephew ditch the London Stock Exchange? July 4, 2024 Smith & Nephew is facing questions over whether it could ditch its London listing after activist investor Cevian Capital took a stake in the medical equipment manufacturer.
Smith & Nephew shares jump after activist investor Cevian takes stake July 4, 2024 The FTSE 100 firm's stock price rose as much as seven per cent in early trading, with Cevian taking a shareholding of just over five per cent.
US-UK chief executive pay gap widens as FTSE bosses sweat over attracting top talent June 30, 2024 The pay gulf between blue-chip chief executives in the UK and US widened even further last year, new figures show, as debates rages in the City over London-listed firms' ability to attract and retain top talent.
Every little helps: Tesco chief’s pay more than doubles to nearly £10m May 14, 2024 The pay of the chief executive of Britain's largest supermarket, Tesco, more than doubled to nearly £10m last year, it has been revealed.
Plus500 shareholders reject bosses’ paypackets after proxy resistance May 7, 2024 Shareholders in fintech firm Plus500 have revolted against the multi-million pound paypacket of its two bosses today in the first major rebellion of a fractious AGM season marked by resistance over executive pay.