(Reuters) – Chemicals maker Johnson Matthey (LON:) on Wednesday announced a share buyback of 200 million pounds ($267.72 million) after half-yearly underlying operating profit more than doubled to be ahead of pre-pandemic levels on higher precious metals prices and strong demand.
The company, which announced earlier this month that it would exit its battery materials business and appoint a new boss, said it was selling its Advanced Glass Technologies business, a supplier to carmakers, for 178 million pounds.
($1 = 0.7470 pounds)
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.