Join our community of smart investors

Spectris makes further cuts but dividend returns

A weakening automotive market prompted a write-off of goodwill
Spectris makes further cuts but dividend returns

Spectris (SXS) launched a second round of cost-saving measures as the measuring instruments and controls supplier plans for a recovery that will last well into next year. Spectris secured just over half of the £20m in savings it has targeted for 2020, and the company aims to save the same amount next year via a new restructuring programme that will see job cuts and site closures.

IC TIP: Buy at 2,529p

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in