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.