Last checked at (Sharecast News) - Castings told shareholders that, following a strong first quarter, it had experienced a "slight softening" in demand from the majority of its main commercial vehicle customers on Thursday.
The London-listed firm, which was holding its annual general meeting later in the day, said that with engineering and productivity improvements in its machining business starting to be realised, it continued to expect the result of CNC Speedwell to improve in the current financial year.
"Against a backdrop of continued uncertainty surrounding Brexit, our investment remains focussed on production techniques and technologies to improve our productivity and profitability," said chairman Brian Cooke in his short statement.
23 Jun 2010 10:43
Small caps round-up: Mavinwood, Imaginatik, Castings...
Shares in Mavinwood dropped after the emergency repair group reported a wider full-year loss. The group's pre-tax loss increased to £7.8m in the year ending 31 December compared with a loss of £3.9m in the previous year as revenue dropped to £27m from £31.5m. Software firm Imaginatik posted wider p
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