Oxford Instruments reports continuation of market trends

Oxford Instruments, a company which providers high technology tools and systems for industry and research, has told investors that it has seen a continuation of the trend seen in the first half of the year, with growth in the Nanotechnology Tools sector and continued softness in the Industrial Products sector since the start of October.

Oxford Instruments, a company which providers high technology tools and systems for industry and research, has told investors that it has seen a continuation of the trend seen in the first half of the year, with growth in the Nanotechnology Tools sector and continued softness in the Industrial Products sector since the start of October.

The group added that its Service sector has continued to grow as it integrates its existing business with the Platinum Medical Imaging business that it acquired last year.

"Save as described in this statement, there has been no significant change in the financial position of the group in the period," the company told investors.

"Our broad spread of geographies and technologies, and our strong pipeline of new products help us to remain resilient in the current uncertain economic environment.

"The board anticipates that Oxford Instruments will continue to make good progress, in line with its expectations for the remainder of the financial year and consistent with its 14 cubed objectives."

The share price has risen over 58% in the past year, equal to 643p.

NR

Recommended

The top funds to invest in now
Funds

The top funds to invest in now

As market volatility continues, here are the top funds, stocks and investment trusts investors are putting their money into, according to one investme…
2 Dec 2022
7 sin stocks to buy yielding up to 8%!
Share tips

7 sin stocks to buy yielding up to 8%!

Sin stocks don’t have the best reputation, but when it comes to investment returns, they’re certainly worth a closer look.
2 Dec 2022
Share tips of the week – 2 December
Share tips

Share tips of the week – 2 December

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
2 Dec 2022
3 emerging-market stocks to watch
Share tips

3 emerging-market stocks to watch

The top emerging-market stocks to keep an eye on, according to Union Bancaire Privée’s Eli Koen.
1 Dec 2022

Most Popular

Fan heater vs oil heater – which is cheaper?
Personal finance

Fan heater vs oil heater – which is cheaper?

Sales of portable heaters have soared, as households look to cut their energy costs. But which is better: a fan heater or an oil heater? We put them t…
21 Nov 2022
Stock market crash? This time it’s (slightly) different
Stockmarkets

Stock market crash? This time it’s (slightly) different

The bears expecting a stock market crash have got it wrong, says Max King.
30 Nov 2022
Is it cheaper to leave the heating on low all day?
Personal finance

Is it cheaper to leave the heating on low all day?

The weather is getting colder and energy bills are rising, but is it really cheaper to leave the heating on low all day or should you only turn it on …
1 Dec 2022