Listed UK manufacturers weighed the effects of the global oil and gas downturn on their businesses revealing mixed results yesterday.
Engineering components firm Meggitt hailed a 6% boost to its half year profits thanks to its aviation spare parts business which offset a decline in its oil and gas valves business.
Meanwhile, pump actuator maker Rotork said its oil and gas business saw revenues drop £15million as it was hit by weak oil prices and political instability.
Meggitt rose to the top of the FTSE-100 leaders board last night, up 8% after half-year results showing pre-tax profits up 6% to £152 million at the engineering group.
