Smith & Nephew shares jump 7% as activist Cevian reveals stake
Medical products maker Smith & Nephew (SN.) topped the FTSE leader board with the shares jumping 7% to £10.5 after activist investor Cevian Capital disclosed a 5% stake, making it the second largest shareholder in the group.
The shares are down around 13% over the last 12-months compared with a 7% gain in the FTSE 100 index as the knee and hip replacement specialist has struggled to improve pe...