Advertisement
UK markets open in 3 hours 34 minutes

  • NIKKEI 225

    37,780.35
    +151.87 (+0.40%)
     

  • HANG SENG

    17,624.31
    +339.77 (+1.97%)
     

  • CRUDE OIL

    83.84
    +0.27 (+0.32%)
     

  • GOLD FUTURES

    2,345.10
    +2.60 (+0.11%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • Bitcoin GBP

    51,531.75
    +152.67 (+0.30%)
     

  • CMC Crypto 200

    1,390.47
    +7.90 (+0.57%)
     

  • NASDAQ Composite

    15,611.76
    -100.99 (-0.64%)
     

  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Smith & Nephew on track for profit improvement in 2015

Reuters - UK Focus

LONDON, Oct (HKSE: 3366-OL.HK - news) 29 (Reuters) - Smith & Nephew Plc (LSE: SN.L - news) , Europe's biggest maker of artificial hips and knees, stuck with its forecast for a higher trading profit margin this year as it said third-quarter revenue rose and it announced the acquisition of a robotics company.

Smith & Nephew said that underlying revenue rose 4 percent to $1.11 billion helped by growing demand for knee implants and a strong performance in the United States.

The company also on Thursday agreed to buy Blue Belt Holdings Inc for $275 million, securing a foothold in orthopaedic robotics-assisted surgery, which it predicted would be used more widely in future. (Reporting by Sarah Young, Editing by Paul Sandle)