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Evening Standard
Evening Standard
Alex Daniel

Top investor in UK industrial giant Johnson Matthey demands overhaul

Johnson Matthey United States United Kingdom Russ Mould AJ Bell
The London-listed firm’s share price has slumped 55% in the last five years (Philip Toscano/PA) - (PA Archive)

The largest shareholder in British industrial giant Johnson Matthey has demanded an overhaul of the company’s board and a new business plan which could include selling the firm.

Standard Industries, a US conglomerate, wrote on Monday via its investment platform Standard Investments that “decisive action must be taken” after a prolonged slump in Johnson Matthey’s share price in recent years.

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