UK's IMI gains on plans to review transport business, backing FY view

IMI

08/05/2025 08:57

** Shares of specialist engineering company IMI IMI.L up 4.2% at 1,868p, top FTSE 100 .FTSE gainer

** Company announces strategic review of transport business (8% of 2024 revenue)

** Also reaffirms FY25 guidance saying it's well positioned to manage tariffs using global footprint, pricing surcharge

** IMI's group organic revenue reduced 3% in Q1 due to temporary impact of a cyber attack; margins, though, improved

** Jefferies says, "Shares remain good value"; Stock up 3% YTD

 (Reporting by Nithyashree  R B)

 ((NithyashreeRB@thomsonreuters.com;))