AMEC drops on slowing underlying growth - UDPATE

Engineering and consultancy group AMEC may have reiterated its full-year revenue guidance but investors expressed their disappointment on Thursday with the shares tanking after it revealed that underlying sales growth would slow 'significantly' going into the second half.

Engineering and consultancy group AMEC may have reiterated its full-year revenue guidance but investors expressed their disappointment on Thursday with the shares tanking after it revealed that underlying sales growth would slow 'significantly' going into the second half.

The group, which works in the oil and gas, minerals and metals, energy and infrastructure markets, said that reported revenues in the six months to June 30th surged by 37% from £1,484m to £2,026m, driven by strong performances in the oil, gas and mining sectors.

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