Rolling coverage of the latest economic and financial news Oil prices rise as Iran war threatens shipping through strait of Hormuz European natural gas prices have surged today, as the US-Israel war on Iran sparks fears of a major disruption to global energy supplies. Benchmark futures climbed as much as 25% — the biggest increase since August 2023 — Bloomberg report, after tanker traffic through ...
Rolling coverage of the latest economic and financial news Oil prices rise as Iran war threatens shipping through strait of Hormuz European natural gas prices have surged today, as the US-Israel war on Iran sparks fears of a major disruption to global energy supplies. Benchmark futures climbed as much as 25% — the biggest increase since August 2023 — Bloomberg report, after tanker traffic through the strait of Hormuz was largely halted over the weekend. Continue reading...
(RTTNews) - Smith & Nephew Plc (SNN, SN.L), a British medical technology company, reported Monday significantly higher profit in fiscal 2025, with increased revenues. Further, the company lifted dividend, and maintained fiscal 2026 outlook. The company also issued positive outloo
(RTTNews) - Smith & Nephew Plc (SNN, SN.L), a British medical technology company, reported Monday significantly higher profit in fiscal 2025, with increased revenues. Further, the company lifted dividend, and maintained fiscal 2026 outlook. The company also issued positive outloo
Smith & Nephew press release ( SNN ): Q4 Revenue of $1.7B (+8.3% Y/Y) beats by $20M . Orthopaedics delivered underlying revenue growth of 7.9% (reported growth 9.8%), its strongest quarter of revenue growth for more than two years. Sports Medicine & ENT delivered underlying revenue growth of 7.3% (reported growth 9.5%) despite continuing China headwinds. Advanced Wound Management underlying revenu...
Smith & Nephew press release ( SNN ): Q4 Revenue of $1.7B (+8.3% Y/Y) beats by $20M . Orthopaedics delivered underlying revenue growth of 7.9% (reported growth 9.8%), its strongest quarter of revenue growth for more than two years. Sports Medicine & ENT delivered underlying revenue growth of 7.3% (reported growth 9.5%) despite continuing China headwinds. Advanced Wound Management underlying revenue growth was 2.8% (reported growth 5.3%). 2026 Outlook : Building on our momentum, for 2026 we are targeting further progress in revenue growth, trading profit and ROIC, and sustained strong cash generation In line with our provisional guidance issued in December 2025, underlying revenue growth is expected to accelerate further to around 6% for the full year Trading profit growth on an organic basis is expected to be around 8%, with revenue leverage and operational savings offsetting headwinds from inventory revaluation, tariffs, skin substitute reimbursement changes, and ENT VBP in China Since providing our provisional guidance, we have also completed the acquisition of Integrity Orthopaedics. This acquisition is expected to be marginally dilutive to trading profit in 2026, broadly neutral in 2027 and accretive in 2028. Including this dilution, we expect trading profit to be around $1.3 billion Free cash flow is expected to be around $800 million Adjusted ROIC is expected to be greater than 10% excluding the impact of Integrity Orthopaedics. "Alongside the RISE strategy we also announced 2028 financial targets, including: 6-7% Organic revenue CAGR, 9-10% Trading profit CAGR, Free cash flow of more than $1 billion, and Adjusted ROIC of 12-13%." More on Smith & Nephew Smith & Nephew: Improving And Undervalued, But Mind The Knees Smith & Nephew plc (SNN) Analyst/Investor Day Transcript Smith & Nephew plc (SNN) Analyst/Investor Day - Slideshow Seeking Alpha’s Quant Rating on Smith & Nephew Historical earnings data for Smith & Nephew
UK, France, Germany Slam Iran For 'Reckless' Retaliation - Are Ready To Assist Israel And US Leaders from Germany, the UK and France are waving their fists over Iran's "reckless" retaliatory strikes in the region, and say they're ready to throw down to stop Tehran from further responses. Britain's Prime Minister Keir Starmer makes a statement from Downing Street in central London on Feb. 28, 2026,...
UK, France, Germany Slam Iran For 'Reckless' Retaliation - Are Ready To Assist Israel And US Leaders from Germany, the UK and France are waving their fists over Iran's "reckless" retaliatory strikes in the region, and say they're ready to throw down to stop Tehran from further responses. Britain's Prime Minister Keir Starmer makes a statement from Downing Street in central London on Feb. 28, 2026, following the U.S. and Israeli strikes on Iran. Jonathan Brady/POOL/AFP via Getty Images On Sunday, German Chancellor Friedrich Merz, British Prime Minister Keir Starmer, and French President Emmanuel Macron stood in solidarity , saying in a joint statement that they were "appalled" by Iran's "reckless" retaliatory strikes that targeted not only US and Israeli military sites in the region - but other allies as well (Dubai got the business, among others). "We will take steps to defend our interests and those of our allies in the region, potentially through enabling necessary and proportionate defensive action to destroy Iran’s capability to fire missiles and drones at their source," the statement reads. "We have agreed to work together with the US and allies in the region on this matter." British forces have already engaged - with a Typhoon fighter jet shooting down an Iranian drone with an air-to-air missile during a defensive air patrol in Qatar. As the Epoch Times notes further, Starmer addressed his nation on the matter later on March 1, revealing that he also granted a request from the United States to use UK bases in the region to attack Iranian missile sites. But he affirmed that this did not mean that he was tasking British armed forces to join the United States in offensive action. “Iran has launched sustained attacks across the region, at countries who did not attack them,” Starmer said. ”They’ve hit airports and hotels where British citizens are staying. This is clearly a dangerous situation.” The prime minister noted that at least 200,000 British citizens were i...