Smiths Group Share News (SMIN)
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Tue, 31st Mar 2020 07:33
March 31 (Reuters) - UK's Smiths Group said on
Tuesday the separation of its medical unit will be delayed, as
it focuses on making and delivering ventilators to hospitals
tackling the shortage of life-saving equipment as the
coronavirus spreads.
The company also cancelled its dividend payment and said it
was looking at cutting costs, bracing for a drop in overall
global demand for its range of products in other areas.
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Bernard
Orr)
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