IMI Stock Moves Higher as Fresh Buyback Puts FTSE 100 Engineer in Focus
IMI Plc bought 382,000 shares for cancellation on May 18 at an average 2,670p, part of a £500 million buyback. Shares rose 0.45% to 2,702p late Tuesday. The company reaffirmed its 2025 earnings guidance but warned that outlook depends on Middle East shipments. UK payrolls fell by 100,000 in April, easing rate hike fears.
