‘Panic on the streets of London’ as Smiths tanks
There is 'panic on the streets of London' as Smiths (SMIN) missed headline profit and margin targets. While there were some pluses in the engineering outfit's annual results to end July, it is difficult to dress up the fact that headline profit was limp.
The share price tanked 8% to £16.84, a six-week low and back to May 2024 levels. Heaven knows, investors are miserable now.
This will come as...