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BUZZ-Cape: Orders fall on contract delays, project deferrals

Tue, 12th May 2015 07:30

** Cape falls as much as 12 pct after it said orderbook fell in the first quarter

** Cites maintenance-contract delays in UK and projectdeferrals at Motherwell Bridge unit

** Stock was biggest drag on FTSE small cap index,with nearly 98 pct of its full day average trading volumechanging hands within the first 10 minutes

** Says UK market expected to be subdued in 2015 with loweroffshore project activity and reduced volumes from coal powerstation outages, partially offset by solid demand for coremaintenance activities (abhiram.nandakumar.thomsonreuters.com@reuters.net)

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