|Bid||2,740.00 x 0|
|Ask||3,400.00 x 0|
|Day's Range||2,785.00 - 2,822.00|
|52 Week Range||2,574.00 - 3,475.00|
|Beta (3Y Monthly)||1.33|
|PE Ratio (TTM)||14.02|
|Forward Dividend & Yield||0.87 (3.09%)|
|1y Target Est||N/A|
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Johnson Matthey on Wednesday lowered the profit outlook for its largest unit that makes pollution filters for cars and trucks and announced the departure of the unit's head, sending its shares down more than 3%. Shares of the FTSE 100 company was the biggest loser on London's blue-chip index. The moves follow scrutiny of Johnson Matthey's catalytic filters for trucks, which have been linked to emission issues at truckmakers Volvo and Cummins.
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"In the year, Clean Air performed strongly and we are investing in new plants to satisfy future demand, particularly from Asia which will be our next key growth driver," the company said in a statement. Clean Air, which makes up the lion’s share of company earnings, saw an 11% jump in sales while underlying profit was 13% higher. Johnson Matthey, which has a 200-year old history, said it anticipated 2019/20 growth in operating performance at constant rates to be within its medium term guidance of mid-to-high single digit growth.