LSE:SN 14 May 2026

Smith & Nephew Shares Hold Steady as Buyback and Cevian Stake Keep Turnaround in Focus

Smith & Nephew shares edged up 0.13% in London on Monday, trading at 1,134p/1,135p, while the FTSE 100 fell 0.32%. Investors weighed a $500 million buyback, Cevian Capital’s stake increase to 12.07%, and weak U.S. knee implant demand. The company’s next results are due August 4.

June 15, 2026

LSE:SN·News

Smith & Nephew Faces Fresh Cevian Pressure After Activist Stake Tops 11%

Cevian Capital raised its stake in Smith & Nephew to just over 11% of voting rights, according to a regulatory filing. The move increases pressure on the company’s management after a slow start to 2026. Smith & Nephew last week reported first-quarter revenue of $1.50 billion and announced a $500 million buyback. Shares rose 0.3% to 1,106 pence in London at 15:28 BST.

May 14, 2026