Britain’s Most Admired... Engineering and machinery

Tuesday, 27 November 2007

Actuator manufacturer Rotork held on to the top spot by dint of strong growth in the oil and gas sectors.

1. Rotork – 63.4
2. IMI – 63.3
3. Weir Group – 61.1
4. Spirax Sarco Engineering – 60.0
5. Bodycote International – 56.1

Shares climbed more than 10%, following a 12% rise in revenues to £113.3m for the six months to 30 June, and in October, Peter France took over as chief operating officer. IMI announced that 40% of production would be in low-cost economies by the end of 2008, but has had to spend £5m on investigating kickbacks being offered by its agents. Interim results showed revenue up by 7% to £781m. The Weir Group sold Glasgow-based Weir Pumps for £45m and bought SPM Flow Control of Texas for £328m, prompting an 11% jump in shares. Half-year pre-tax profits were up 40%, to £45.4m.

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