Severe Service unit boosts growth at IMI

Engineering giant IMI raised its dividend by eight per cent after a 'resilient' set of results in 2012 which were helped by an encouraging performance from new products and emerging markets.

Engineering giant IMI raised its dividend by eight per cent after a 'resilient' set of results in 2012 which were helped by an encouraging performance from new products and emerging markets.

The company also announced a share buy-back programme of up to £175m over the next 12 months "to ensure that gearing remains at or above the current level".

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