Orders are flowing in at valve engineering group Rotork, which has had a record quarter for order intake, as the group continued the strong performance seen at the end of 2011.
Revenue in the first quarter was up 26% (or 18% on an organic constant currency basis) ahead of the prior year. The order book now stands at £169m, 7.2% higher than at the year end. The visibility of upcoming projects remains good and all regions have shown order intake at higher levels than last year.
More to follow ...
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
JH
-
Can I shield my ISAs from inheritance tax?Many investors and savers will be wondering if there’s anything they can do to protect their ISAs from inheritance tax, especially as pensions will become liable for the levy from April 2027. We reveal the options available to ISA customers
-
What is the average salary by age – and how do you compare?Are you making more than your peers? We look at the average salary by age to see how much the typical Brit earns at different stages of their life
