10 May 2024 - AGM update
The global engineering and electronics group has announced a trading update ahead of today's AGM which covers the four months to 30April 2024. This has shown that revenues were 2% lower during the period with North America suffering in particular. However, the group has maintained that despite the fact that earnings will be more second half biased than normal, full year expectations remain unchanged. The shares have dropped 10p today on the statement to 160p so they now stand some 19p lower than the recent high of 179p hit only last week. This presents . . .
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