Smiths Group drops 5.9% to lead FTSE 100 fallers on softer outlook

Smiths Group shares fell 5.9%, leading FTSE 100 fallers, after the company issued a slightly lighter full-year outlook. It guided to 3-4% organic revenue growth — sales stripping out deals and currency — with operating margin around 20%. For savers holding it in pensions or index funds, slower sales mean less profit to fund returns.