|Bid||3,274.00 x 6500|
|Ask||3,275.00 x 5600|
|Day's range||3,253.00 - 3,292.00|
|52-week range||2,677.68 - 3,511.00|
|PE ratio (TTM)||16.70|
|Earnings date||20 Nov 2017 - 24 Nov 2017|
|Forward dividend & yield||0.94 (2.61%)|
|1y target est||N/A|
European oil shares, having been for so long the dividend darlings of income funds, are losing their pulling power as investors take another look at the long term future of energy companies focused on fossil fuels. A proposal by the world's largest $1 trillion (£0.8 trillion) sovereign wealth fund to ditch its oil and gas shares because of the volatile oil price, has highlighted the risks of being exposed to a sector which analysts say is in long term decline. Investors are pulling money out of exchange traded funds (ETFs) tracking global oil and gas stocks.
Johnson Matthey (JMAT.L), a leader in catalysts for car emission control devices, on Tuesday reported a 2 percent fall in first-half operating profit, following one-off charges related to restructuring. The company has come under pressure from expectations that growth in electric vehicles will erode its market for technology to control emissions.
Johnson Matthey (LSE: JMAT.L - news) , a leader in catalysts for car emission control devices, on Tuesday reported a 2 percent fall in first-half operating profit, following one-off charges related to restructuring. On Tuesday, it reported a 15 percent rise in revenue and said sales growth at constant rates this year was still expected to be around 6 percent. Earnings per share (EPS) fell 5 percent to 87.9 pence but the company raised its interim dividend by 6 percent to 21.75p.
Johnson Matthey (LSE: JMAT.L - news) said it will invest an initial 200 million pounds ($270 mln) in expanding its battery material technology business from 2018, aiming to capitalise on growth in the electric vehicle market. Its Clean Air business, which includes autocatalysts, is expected to show "strong single-digit sales growth" in the next two to three years, driven by share gains in European light duty and upcoming tighter legislation, the company said in a statement, released to mark JM (LSE: 0MI3.L - news) 's Capital Markets day. From then on, growth will slow as a move away from light duty diesel engines in Europe and the expansion of the battery electric light duty vehicle market offset growth in Asia and strength in the heavy duty sector in North America, it said.
** Specialty chemicals co Johnson Matthey rises 3.2 pct to a 3-month high after confirming guidance for the year ending March 2018 ** Co also says operating profit will benefit by £13m from a forex move ...
Johnson Matthey (LSE: JMAT.L - news) expects increased efforts to curb vehicle pollution to boost demand for its catalysts in the medium to long term, it said on Thursday, after reporting an 18 percent rise in annual operating profit and boosting its dividend. The British company, which this year divided into four sectors -- clean air, efficient natural resources, health and new markets -- said sales of catalysts rose 16 percent in the year to March 31. It said the quest for cleaner air, with many cities clamping down on transport pollution, would spur demand for catalysts, while it is also increasing its focus on batteries using nickel and lithium and on pharmaceutical ingredients.
Johnson Matthey, a world leader in making catalysts for car emission-control devices, on Thursday reported a 12 percent rise in full-year revenue and 18 percent growth in operating profit after a restructuring ...