As it happened: Oil prices tumble as Bessent says US-Iran deal imminent; miner stocks rally Markets Welcome back to the Morning Wire FTSE 100 liveblog. The price of oil tumbled on Tuesday afternoon after a senior Trump ally said that a deal over control of the Strait of Hormuz could be agreed with Iran in the coming days. The price of Brent crude – the international benchmark for oil – tumbled [...]
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 hits back at claims it massaged profit margins healthcare 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.
Growing demand for hip and knee replacements help Smith and Nephew to growth May 1, 2024 Orthopaedic sales grew by 4.4 per cent over the quarter, thanks to "growth in hip and knee implants outside the US."
Smith and Nephew lifts outlook as medical device revenue growth offsets China slowdown February 27, 2024 It wasn't all plain sailing for the medical tech giant however, with its operating profit for the year down to £335m, from £356m.