ROTORK PLC CUM.PREF.

Rotork has announced the fourth tranche of its buyback programme totalling £50 million; purchases will start on 16 March and are expected to be completed no later than 10 April. Under an agreement, J.P. Morgan will acquire up to £10 million of ordinary shares as a riskless principal and subsequently transfer them to Rotork. The repurchases will take place on the London Stock Exchange and CBOE Europe and are based on authority to buy back up to 62,354,995 ordinary shares; the company also emphasises it continues to seek strategic investment opportunities in line with its "Growth+" strategy. » More on de.investing.com

Rotork recorded 6% organic order growth in the four months to the end of October, continuing the momentum from H1. The company is starting a £50m share buyback programme and aims for a cash‑neutral balance sheet; net cash stood at £37.3m at the end of October (mid‑year: £43.3m). All divisions grew, led by Control & Instrumentation (driven by HVAC and Marine); EMEA was the strongest region. Rotork confirms its 2025 outlook; market consensus expects around 4.9% organic revenue growth and an EBITA of about £190m. » More on de.investing.com