Smith & Nephew disappoints on margins

Shares in Smith & Nephew fell this morning after it posted lower third quarter profits, which were hit by poor margins in its orthopaedics divisions.

Shares in Smith & Nephew fell this morning after it posted lower third quarter profits, which were hit by poor margins in its orthopaedics divisions.

The medical technology business said that pre tax profits in the three months to October had fallen to $188m, down from $201m the previous year.

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