Invensys suffers massive drop in shares
Adjust font size:
Manufacturing News, Source : TheManufacturer.com
Published : 15 Nov 2002 10:01
Invensys’ shares fell by 25 per cent yesterday after the company announced a £58 million pre-tax loss in its first half profits.
The second half of Invensys’ financial year holds little hope for improvements. Chief Executive, Rick Haythornthwaite said, according to the Financial Times, the company’s underlying profitability in the second half would be at “at best flat” compared with the first six months.
The slump means that the company could well be ejected from the FTSE 100 at the review in December.
Comments on this story
click here to add a comment
You must be registered & logged in to add comments
already have an account and just want to login?
Manufacturing is to begin again at Fort Dunlop
MANUFACTURING: Refurbished landmark industrial...
more…
McCain’s is to migrate to wind power
FOOD: Turbines to provide over half annual power...
more…
New president of the SBAC defends the right to fly
AEROSPACE: Entering a defining period where...
more…
Sheffield Forgemasters
Sheffield Forgemasters is to give its 700-strong...
more…
SSL International
SSL International, which manufactures Durex...
more…
no comments yet...