Smiths Group plc (SMIN.L), an industrial technology and engineering company, on Thursday lowered its full-year organic revenue growth outlook to about 2%, citing continued disruption from the conflict in the Middle East. The company had previously guided for organic revenue growth of 3%-4%, excluding any impact from the conflict.
The company said the revised guidance reflects a £10 million impact in the third quarter and assumes ongoing disruption in the region.
For the third quarter, organic revenue growth was flat, resulting in growth of 0.2% for the 9-month period.
At John Crane, organic revenue increased 2.8%, though growth was affected by the £10 million impact related to two months of disruption from the Middle East conflict.
Meanwhile, Flex-Tek reported an organic revenue decline of 3.9%, in line with expected quarterly phasing and against a high single-digit comparative growth period last year.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.