Oxford Instruments trading in line

High tech instruments maker Oxford Instruments said third quarter profits are ahead of last year and in line with expectations and it expects progress to continue for the remainder of the financial year.

High tech instruments maker Oxford Instruments said third quarter profits are ahead of last year and in line with expectations and it expects progress to continue for the remainder of the financial year.

Orders within both its Research and Industrial markets remained robust with the exception of High Brightness LED related equipment within its Plasma Technology business unit. Order demand has fallen as overcapacity in this industry takes effect, the group explained.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.