Welcome to Gold Bank Podcast. Today we’re covering Johnson Matthey’s decision to cut the sale price of its Catalyst Technologies unit to Honeywell and why the sharp market reaction matters for UK investors watching industrials, deal risk, and precious-metals exposure.

Main news

Johnson Matthey (UK) agreed to reduce the sale price of its Catalyst Technologies business to Honeywell (US) by 26%, taking the consideration down to £1.33 billion (about $1.80 billion) from the previously agreed £1.8 billion.

The revision reflects weaker 2025/26 performance at the unit, including deferred sustainable solutions licensing projects and lower catalyst profitability in a tough market.

Johnson Matthey said it now expects to return around £1 billion to shareholders after completion, down from £1.6 billion previously anticipated,  ...