Rising input prices have been the big challenge for industrial companies this year. Chemicals processor Yule Catto reports passing them on to its customers, but margins have been squeezed in the short term, keeping like-for-like operating profits flat despite a jump in sales in the first quarter of 2011.
IC TIP:
Buy
at
212p
When: 20 Aug 2010
Price: 141p
Performance to date: +50%