No further shocks from Keller

No news was good news for ground engineering specialist Keller on Thursday, as the company said there had been no significant changes to the group's trading or outlook since it issued a profits warning in May.That, at least, means things have not got any worse, and the company said the expected results for the full year remain within the current range of market expectations.The median forecast from estimates provided by seven brokers is for pre-tax profit of £34.33m on turnover of £1.1bn.The company said in May that order intake had remained robust this year and that the order book at the end of April was 9% ahead of 2010. However, the group countered that good news with a warning that the impact of lower margins in the US, combined with the Australian floods and geopolitical issues in the Middle East and North Africa, would hit profits, with earnings before interest and tax expected to be around 10% below that in achieved in 2010. --jh Keller