Morningstar

IN BRIEF: Smith & Nephew starts second half of USD500 million buyback

Provided by Alliance News Nov 11, 2026, 9:24:39 AM

Smith & Nephew PLC - Watford, England-based medical devices maker - S&N says Merrill Lynch International will run the USD250 million second half of the USD500 million share buyback that it announced back in May. Merrill also had run the first half. The new tranche begins on Wednesday and will be completed by April 23 next year. The shares bought back will be cancelled or held in treasury for employee share awards. S&N says no American depositary receipts will be repurchased as part of the buyback.

Current stock price: 1,146.50 pence for GBP9.54 billion market capitalisation

12-month change: down 9.5%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.

Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.

Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.

Popular

4 Growth Stocks to Buy While They’re Still Undervalued

Plus, the outlook for the AI trade after last week’s selloff.

David Sekera, CFA and Sarah Hansen Nov 9, 2026

The 10 Best Companies to Invest in Now

The stocks of these high-quality companies look cheap today.

Tori Brovet Nov 2, 2026

Your Year-End Financial Checklist: 5 Things to Tackle Before 2027

Christine Benz explains how to approach portfolio rebalancing, charitable giving, and retirement contributions.

Christine Benz and Valentina Djeljosevic Nov 6, 2026

Why Morningstar Thinks Anthropic Is Worth $1.7 Trillion

A look at how we arrive at our base-case valuation for the AI lab, along with bull and bear scenarios.

Malik Ahmed Khan, CFA Nov 9, 2026

These Overvalued Stocks Have Plenty of Room to Fall

Why investors should be wary of a refiner and financial-services stock trading well above our fair value estimates.

David Sekera, CFA, Sarah Hansen, and Jess Bebel Nov 5, 2026

Sponsor Center

Transparency is our policy. Learn how it impacts everything we do

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

How we make money

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your personal data

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

Verify your identity, personalize the content you receive, or create and administer your account.
Provide specific products and services to you, such as portfolio management or data aggregation.
Develop and improve features of our offerings.
Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

How we approach editorial content

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.

© Copyright 2026 Morningstar, Inc. All rights reserved. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time.