The Latest Breaking News from Smiths Group

London’s top index finished 27.08 points, or 0.31%, higher, to end the day at 8,673.96.

London's benchmark FTSE 100 hit fresh highs Friday, helped by an 11-percent jump in the share price of Smiths Group after the British engineering company said it planned to simplify the business and return substantial sums to shareholders.

The FTSE 100 was declining during the day but managed to gain 4.56 points late in the afternoon to close at 8,030.33.

Buyers targeted the engineering sector today after updates by Smiths Group, Babcock International and GKN Automotive business Dowlais.

Despite strong demand for its airport scanners, annual figures by the FTSE 100 conglomerate failed to pass the City’s test.

A third of revenue came from products developed in the last five years, with one of the top items being 3D CT scanners for security scans

FTSE 100-listed engineering giant Smiths Group has revealed it will relocate its HQ to a large new “green” office block on London’s South Bank that has just completed.

Engineering group also ups its forecast as order book stays strong despite supply chain “challenges”

ICU Medical Inc (NASDAQ:ICUI) reported Q1 sales of $543.1 million vs. Raymond James' estimate of $530 million.  Core ICU beat by $7 million, while newly acquired Smiths Medical missed by $5 million.  With an Outperform rating, the analysts lowered the price target from $265 to $235. Adjusted EPS was $1.82, down from Raymond James' estimate…