Johnson Matthey to spin off medical manufacturing arm for £550m Business Chemicals specialist Johnson Matthey has spun off its Medical Device Components business to a private equity firm for £500m.
Johnson Matthey: Hydrogen unit powers raised outlook but can’t save 600 jobs Share price rises Johnson Matthey, which makes catalytic converters and pollution filters for cars, raised its outlook for full-year underlying operating performance on Wednesday as cost-cutting efforts pay off and on strong demand for its energy-focused units. The centuries-old British firm, which traces its roots back to testing the purity of precious metals, has raised prices of products and [...]
UK risks dropping green energy lead by failing to respond to Biden’s $400bn package, Johnson Matthey chief warns green energy The head of one of Britain’s largest manufacturers has warned Prime Minister Rishi Sunak that he risks squandering the country’s lead in clean energy production by failing to respond to US President Joe Biden’s $400bn (£317bn) green stimulus package. Liam Condon, chief executive of Johnson Matthey, told Sky News it has intellectual property which could [...]
Johnson Matthey profits chipped away by inflation and supply chain woes November 23, 2022 Johnson Matthey’s profits have been eaten into by soaring inflation and ongoing supply chain disruptions. The British chemicals maker had its operating profit dive a quarter to £222m on an underlying basis in the six months to the end of September, according to the group’s latest results. Supply chain constraints have hit the group’s clean [...]
Johnson Matthey to sell health division for £325m December 17, 2021 Chemical giant Johnson Matthey (JM) announced this morning the sale of its health division for £325m to investment firm Altaris Capital. The transaction, expected to close in mid-2022, has pushed shares up 0.25 per cent to 1,997p. Upon completion of the deal, JM will receive £150m cash, retaining a 30 per cent stake in the [...]
Johnson Matthey results lift as giant sells glass technology business November 24, 2021 Chemical giant Johnson Matthey (JM) called its performance in the first half of the year “resilient”, as sales went up 21 per cent to £1.9bn and revenue increased 23 per cent. Driven by the higher average price of precious metals, the company’s underlying operating profit also jumped to £293m, up 102 per cent and ahead [...]
Shares dive: Johnson Matthey appoints new CEO and exits battery materials November 11, 2021 Chemicals giant Johnson Matthey has confirmed that its current boss is stepping down, which tipped a share price dive of more than 19 per cent today. The London-listed firm also announced that it will be exiting its battery materials business – despite noting the accelerating demand for such goods in its latest trading update. Current [...]
Johnson Matthey hints it could offload £2bn health business April 8, 2021 Industrial group Johnson Matthey has hinted it could offload its health arm, as the business focuses on ways to “maximise value for our shareholders”. In an update today the group revealed it is carrying out a “strategic review” of its health business. Robert MacLeod, chief executive of Johnson Matthey, made clear the review was about [...]
Green revolution: Johnson Matthey makes decarbonisation push into mining sector March 19, 2021 Sustainable technologies company Johnson Matthey has teamed up with metals miner Sibanye-Stillwater to accelerate new battery technologies in the push for a low-carbon future. The LSE-listed tech company aims to cut the carbon footprint in metal supply chains by expanding on its clean hydrogen production, fuel cell products, next generation battery material and solutions for [...]
Johnson Matthey banks on second half after sales drop July 23, 2020 Catalytic converter maker Johnson Matthey said that its first half performance had been “materially below” last year’s due to the coronavirus pandemic. The FTSE 100 firm said that a fall in sales in its clean air division as a result of lower demand and temporary shutdowns was the main cause of the decline. In a [...]