Smith & Nephew lifts FTSE

Professional Adviser
clock

The benchmark FTSE 100 closed up 21.40 points today at 4,268.70 paced by the maker of medical implan...

The benchmark FTSE 100 closed up 21.40 points today at 4,268.70 paced by the maker of medical implants, Smith & Nephew. The company climbed 8p to 407.25p after it announced that it sold its 21.5% holding in AbilityOne Products Corp. for £49m in cash to Patterson Dental Co. Alizyme Plc rose 3.25p to 70.75p following speculation that the drugmaker may sell Takeda Chemical Industries Ltd. for as much as $42m. BHP Billiton gained 6p to 405p after an analyst at UBS AG raised his share-price forecast for the stock by 14% to 475p. Computer Software Group gained 1.75p t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •