Oxford Instruments (OXIG) expects full-year performance to be at the lower end of analysts' current forecasts, following weak first-half trading. Adjusted operating profits fell 14 per cent to £18.9m as a result of the strong pound and troubled markets in Japan and Russia.
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Profits in the Nanotechnology Tools division fell 11 per cent, partly due to weaker order intake in the plasma technology business in the previous year. However, it was the only division to report top-line growth, which reflected the acquisition of scientist cameras business Andor Technology in January.