IMI PLC - Birmingham-based engineering firm - Increases quarterly revenue, as its order book grows. Revenue rises by 9% from £421 million a year ago. The company does not give non-percentage numbers for new revenue figures. Firm says order book grew due to increasing customer intimacy, market-led innovation and reducing complexity,

Points out IMI Precision business grew by 16%, while newly acquired Adaptas from the life sciences sector posted a ‘strong performance’, IMI says. In March, the firm ended all new business in and international deliveries to Russia. ‘Russia accounted for 2% of group revenue in 2021,’ it explains.

Reiterates guidance from February, expecting full year adjusted earnings per share to exceed 100 pence.

Current stock price: 1,410.00 pence, up 4.5% on Thursday

12-month change: down 13%

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