IMI Hits All-Time High After Buyback Push
IMI shares closed up 3.26% at 2,943p in London Monday, hitting a 52-week high. The company repurchased 106,000 shares for cancellation on June 12 at an average price of 2,866.1940p each. IMI maintained its profit guidance and will report half-year results on July 31. Trading volume reached about 826,520 shares by midday.