CNBC's UK Exchange newsletter: Curtain falls on the era of big UK conglomerates
- Posted on October 22, 2025
- By CNBC
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CNBC's UK Exchange newsletter: Curtain falls on the era of big UK conglomerates

Smiths Group, the FTSE-100 engineering conglomerate, announced that it would be demerging or selling some of its companies, marking the end of an era.