‘Another year of progress’ at engineering giant
Engineering giant IMI has delivered results ahead of market expectations in another strong year for the group.
The Birmingham-based business increased revenues by 9% to £1.91bn, which pre-tax profits were up 18% to £213m in 2018.
IMI's chairman Lord Smith of Kelvin described it as "another year of important progress".
The group has also announced a new chief executive. Mark Selway is stepping down in May after five years with IMI to return home to Australia to retire, and will be replaced by Roy Twite, currently divisional ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
