22 May 2015 15:46
Industrial engineering stocks were out of favour on Friday after Rotork and Castings disappointed with results and the market gave a muted reaction to a trading update from sector peer IMI. Rotork, the actuator manufacturing and flow-control company, saw shares drop 3.8% at 2,404p in afternoon trade
Read moreShares in industrial chains supplier Renold moved lower on Monday morning after the group revealed the effect of foreign exchange movements was higher than previously anticipated. Despite this, the company said expectations for full-year adjusted operating profit remained in line with current market
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