Castings Share News (CGS)

Castings, the FTSE All-Share-listed company which manufactures iron castings, has provided an update on its performance for the period from October 1st to January 31st, predicting its results will be 'marginally below current market expectations'.In the interim management statement Brian Cooke, Chairman of the company, said: "Since the last interim report, there have been further reductions in demand from many of our customers. These appear to have plateaued and we anticipate that the year end results will be marginally below current market expectations."He added: "In these uncertain times it is impossible to make forecasts for next year."Castings' shares were down 5.52% to 325p at 10:21 on Friday morning.MF