Specialist engineering company IMI Plc. (IMI.L) reported that its third quarter organic revenue was 1% higher than the same period last year. Statutory revenue in the quarter was 3% lower than last year, reflecting the foreign currency movements seen in the period.
The company continues to expect good organic growth in 2024, having delivered a resilient performance in the third quarter.
The company continues to expect that full year adjusted basic earnings per share will be between 120 pence - 126 pence, despite seeing some additional foreign exchange headwinds. This guidance represents another year of around 10% adjusted organic operating profit growth.
The company said its complexity reduction initiatives remain on track to deliver 15 million pounds of incremental benefits for the full year and 7 million pounds in 2025.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.