Half-year results meet poor expectations, but there is some good news...
Published: 8 October 2001 11:23 GMT
UK engineering firm Invensys is to publish its first half-year report today.
The company, which controls ERP specialist Baan, said its performance for the last six months fell in line with a profits warning issued in July.
Invensys warned its half-year operating profits would be 20 per cent below previous expectations, causing its stock to halve in value over the following three months.
The company's share price opened on a positive note this morning gaining 10 per cent on its closing price on Friday.
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