Cookson Group warns on profits

City A.M. Reporter
Materials company Cookson Group this morning warned that a weak performance in one of it divisions would cause it to miss forecasts for the year.

Third-quarter performance for its engineered ceramics division, which makes products for the global steel industry, was weaker than previous expectations thanks to a downturn in production of the metal.

Its performance in the second half was expected to be “substantially” below expectations, pulling down performance for the whole group, it said in an interim management statement.

Cookson said trading performance for the performance minerals and precious metals processing divisions were in line with expectations.