In Europe, the Stoxx Europe 600 gained 0.3% in morning trading. Smiths Group rose 14.9% and ALK-Abello Series B added 7.3%. On the other hand, Umicore slipped 7.5%, and Hemnet Group dropped 4.7%. The ...
The move will allow Smiths to focus on flow and heat management through its remaining businesses of John Crane and Flex-Tek.
Smiths Group propped up the FTSE 100, rising more than 14% after the opening bell following news it had responded to activist investor calls to split up its business.