UK's Smiths Group beats annual profit estimates, starts process to offload asbestos liability
22/09/2026 07:13
UK's Smiths Group beats annual profit estimates, starts process to offload asbestos liability Sept 22 (Reuters) - British engineering firm Smiths Group SMIN.L posted a better-than-expected full-year operating profit on Tuesday and launched a process to sell its US asbestos liability, as the 175-year-old company completed a sweeping portfolio overhaul that netted more than £3 billion ($4.01 billion).
($1 = 0.7478 pounds)
(Reporting by Yamini Kalia in Bengaluru; Editing by Rashmi Aich)