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industrials

  • Budget fails to dampen commercial property activity

    Property

    Leasing and investment demand for commercial real estate remained high in the last few months of 2025, as the industry swerved Budget uncertainty that rattled the housing market. While growth in demand was slightly tempered by speculation surrounding tax changes, year-on-year figures remained robust among individual spaces. Office space investment demand reported a four per [...]

    Achilles raised concerns over Urban Logistics REIT last week.
  • Engineering giant Smiths misses profit forecast and launches ‘acceleration plan’

    Industrials

    British engineering giant Smiths Group missed a key consensus forecast and launched an ‘acceleration plan’ to boost profitability, as it snapped up two firms in a £110m spending spree. Smiths reported a 5.4 per cent year on year organic revenue growth to £3.1bn, but the 7.1 per cent increase in operating profit to £526m fell shy [...]

    Smiths said the move would enable it double down on its John Crane and Flex-Tex businesses, unlocking "significant value" for shareholders.

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