The FTSE 100 has experienced its strongest monthly performance since November 2022, showing resilience and growth amid economic uncertainties worldwide.
January 2025 saw the UK’s blue-chip index rise by 6.2%, prompting hopes of reaching the 9,000-mark this year. This resurgence came at the end of what market analysts describe as a turbulent period, where several UK-listed companies had been adversely affected by foreign takeovers and others found themselves opting for more lucrative locations like New York for listing.
Leading this recovery, the engineering firm Smiths Group announced its strategy to sell its interconnect unit. The company also plans to either demerge or offload its detection operation. These moves are part of its larger strategic review aimed at strengthening its market position, which also includes extending its share buyback program to £500 million. Following this announcement, Smiths Group’s…
