6th Jul 2026 09:23
Smiths Group PLC - London-based engineering firm operating in energy, security and defence, space and aerospace, and general industrial sectors - Plans "shortly" to start the second tranche of the GBP1 billion share buyback it announced in November last year. The current buyback programme follows a GBP500 million buyback completed by Smiths Group last year. The GBP400 million second tranche will be started once the GBP600 million first tranche is completed, the company says. It will be run by HSBC Bank PLC, part of HSBC Holdings PLC, and will be completed by the end of calendar 2026.
Current stock price: 2,632.00 pence for GBP7.90 billion market capitalisation
12-month change: up 17%
By Tom Waite, Alliance News editor
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