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European markets are heading for a lackluster open Tuesday as investors continue to ponder last week's central bank policy decisions in Europe and the U.S. Regional markets had a tentative start to the new trading week Monday and the lack of momentum looks set to continue Tuesday. Today, investors in Europe, the Middle East and Africa will be keeping an eye out as Nigeria's central bank publishes its latest monetary policy decision, and as earnings come from Smiths Group, Ocado Retail, Bellway and A.G. Barr. Asia-Pacific markets were mixed Tuesday as the U.S. market took a breather after a rally sparked by optimism over the Federal Reserve's interest rate stance at its latest meeting. U.S. stock futures traded near the flatline Monday night, after the major averages took a breather from their rally.
Organizations: U.S . Regional, Smiths Group, Ocado, Federal Locations: Europe, East, Africa, Barr, Asia, Pacific, U.S
Bank of America named a number of buy-rated European stocks its analysts are most positive on. The bank ranked stocks based on "beat factor" — its analysts' most out-of-consensus stock ideas based on price objectives and earnings estimates — in its Aug. 11 research note. The bank is 6% above consensus on the company, in terms of earnings per share for the 2023 fiscal year. Banks on BofA's beat list include Dutch firm ING and French company BNP Paribas . Small and midsized companies BofA also named several small-to-midsized firms on a list of European Beat Factor Top 10 stocks, all of which it is buy-rated on.
Persons: Banks, BofA Organizations: of America, Defense, Thales, ING, French, BNP, Smiths Group, Logitech, Wizz
UK's Smiths Group names Alcoa's Williams as next chair
  + stars: | 2023-05-10 | by ( ) www.reuters.com   time to read: +1 min
May 10 (Reuters) - British industrial technology company Smiths Group Plc (SMIN.L) on Wednesday named Steve Williams as its next chairman to succeed George Buckley, who is retiring at the end of the company's annual general meeting in November. UK-born Williams, who is currently chair of U.S. aluminum producer Alcoa Corporation (AA.N), started his career at ExxonMobil. His appointment at Smiths Group is subject to his election as non-executive director at the company's AGM. He will be appointed to the board as an independent non-executive director and as chair designate in September, Smiths Group said. Reporting by Yadarisa Shabong in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmiths Group CEO: Strong progress in provision of energy transition solutionsPaul Keel, CEO at Smiths Group, discusses full-year earnings, and how the company is supporting customers in their transition to low and no carbon products.
Smiths Group upgrades forecasts after first-half profit jumps
  + stars: | 2023-03-24 | by ( ) www.reuters.com   time to read: +1 min
LONDON, March 24 (Reuters) - British industrial technology company Smiths Group (SMIN.L) upgraded its annual forecasts after first-half profit climbed 27% boosted by strong demand for its products from customers in the oil, gas, airports, ports and defence sectors. For the 12 months to the end of July, Smiths said it now expected organic revenue growth of at least 8%, up from guidance given in January for growth of at least 7% after its first-half results beat expectations. Headline operating profit came in at 241 million pounds ($296 million) for the first-half, 27% higher than the same period last year, and above a consensus forecast, on organic revenue growth which stood at 13.5% in the period. "With order books healthy and trading strong, we are again raising our full-year 2023 organic revenue growth guidance," he said in a statement on Friday. Shares in Smiths have risen 14% in the last 6 months, outperforming Britain's bluechip index which is up 7%.
SummarySummary Companies Banks fall as fears of a banking crisis spikeEnergy down tracking lower oil pricesUK Feb retail sales rise unexpectedlyFTSE 100 down 1.4%, FTSE 250 off 1.0%March 24 (Reuters) - London stocks fell on Friday, dragged by energy shares that tracked oil prices lower, while banks extended declines at the end of a turbulent week as fears of a global banking crisis lingered. The blue-chip FTSE 100 (.FTSE) fell 1.4%, extending losses after a near 1% drop on Thursday. British banks (.FTNMX301010) lost 2.7%, falling for a third straight session, joining their European peers in Friday's slide. Energy majors Shell (SHEL.L) and BP (BP.L) fell 2.5% and 2.5%, respectively, dragging the broader energy sector (.FTNMX601010) down 2.5%, as oil prices extended losses on worries about a potential oversupply. Reporting by Shashwat Chauhan in Bengaluru; Editing by Subhranshu Sahu and Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
Bilfinger CEO: Next 3-5 years very difficult for German industry
  + stars: | 2022-11-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBilfinger CEO: Next 3-5 years very difficult for German industryThomas Schultz, CEO of Bilfinger, and Paul Keel, CEO of Smiths Group, join a panel during CNBC's annual Sustainable Future Forum to discuss net-zero ambitions, energy transition out of fossil fuel and the future of nuclear power.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmiths Group CEO: There's inflationary pressure in raw materials and wagesPaul Keel, CEO of Smiths Group, discusses its earnings and the macroeconomic outlook.
The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. read moreThe internationally focussed FTSE 100 (.FTSE) extended losses, falling 1.6% to its lowest since July 15, while the domestically focussed FTSE 250 index (.FTMC) dropped 1.1% to hit near two-year lows. It is among UK's worst performing sectors this year as rising rates sparked worries about affordability. read moreOil (.FTNMX601010) and mining (.FTNMX551020) majors were the biggest drags on the FTSE 100 as commodity prices weakened against a strong dollar. read moreSmiths Group (SMIN.L) rose 4.1% after the industrial technology group provided upbeat full-year 2023 forecast.
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