Medical technology company Smith & Nephew published interim results this morning noting strong revenue growth, a material margin improvement from 11.6% to 14.5% supported by solid momentum, with incremental gains being seen across all operating units from Q1 into Q2. This was capped by news of a $500m share buyback along with a 4% increase in the interim dividend. The full year outlook may remain unchanged but investors cheered the news with the Smith & Nephew share price up by more than 11% in early trade.
Wallowing at the foot of the FTSE-250 in early trade was the takeaway pizza company Dominos. Interim earnings published this morning showed a deteriorating consumer outlook and whilst the business is making incremental gains in terms of market share, with falling demand and rising costs – especially in terms of employment – the outlook here is far from optimistic. The Dominos share price was down almost 16% by 8.30am.
The world’s largest geotechnical specialist contractor Keller Group issued results for the first half of 2025 this morning, which showed performance as being ahead of expectations, even if this was against some tough comparatives. Underlying operating margins are well ahead of recent averages and a strong order book means full year expectations are being maintained even once FX headwinds are accounted for. The Keller Group share price was up 5.5% shortly after the open.
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