4th Jul 2024 09:09
(Alliance News) - Smith & Nephew PLC got a boost on Thursday, after activist investor Cevian Capital II GP Ltd took a stake in the firm.
Shares in the London-based medical technology company were up 6.4% at 1,049.50 pence each in London on Thursday morning.
The wider FTSE 100 index, meanwhile, was up 0.6%.
Activist investor Cevian, which holds its headquarters in Stockholm, has acquired a 5.02% stake in Smith & Nephew.
By Sophie Rose, Alliance News senior reporter
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