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.

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.

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"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.

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