UK's IMI hits record high on higher H1 profit

IMI

01/08/2025 11:02

** Shares of specialist engineering company IMI IMI.L up 1.3% at 2,256 pence, a record high

** Co posts HY adjusted PBT of 190 million pounds ($250.93 million) vs 187 million pounds a year ago

** Co offsets direct impact of global tariffs in H1, says well-placed to manage future developments

** Also reaffirms FY25 guidance

** Co continues to execute well, and there are signs of improving order books in more cyclical businesses, analysts at Jefferies say

** "IMI remains one of our most preferred UK Industrials," - Brokerage

** Including session moves, IMI up nearly 24% YTD

($1 = 0.7572 pounds)

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))