British chemicals champion accused of squandering £600m on failed green technologies [Yahoo! Finance]
JOHNSON MATTHEY S/ADR (JMPLY)
NASDAQ:AMEX Investor Relations:
matthey.com/investor
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Source: Yahoo! Finance
Standard Investments, a major shareholder of Johnson Matthey, has accused the British chemicals company of wasting over £600m on failed green technologies, including a £340m battery material business and £310m on hydrogen production technologies. The investor has called for a strategic review, including a potential sale of the company, citing a lack of discipline and destruction of shareholder value. Johnson Matthey's hydrogen ventures are currently loss-making and have been criticized for being expensive and energy-intensive to produce, with no clear path for return on capital. Generated by Yahoo Finance AI Yahoo Finance used generative AI to summarize key information from this article. Some details may be inaccurate. We take that seriously. Reporting mistakes helps us improve these summaries. Was this helpful? Yes No The Johnson Matthey plc company logo seen displayed on a smartphone One of Britain's biggest chemical companies has been accused by a major investor of w
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