- Profits constrained by softening precious metals prices
- Cost-cutting measures on track to deliver £150mn annual savings
In September we mused as to whether Johnson Matthey (JMAT) might now be seen as a potential takeover target. Well, any potential suitor will have noted that the 27 per cent fall in the share price over the past 12 months has left the speciality chemicals and sustainable technologies group trading at a modest 14 per cent premium to net assets.