Fenner does well from miners

British industrial conveyor belt maker Fenner posted a rise in full-year profit, helped by strong demand and acquisitions, and said trading in its core businesses remained in line with its expectations. The company, whose belts are mainly used in the mining industry, said growing global electricity demand is leading to an increase in the amount of coal mined, boosting demand for Fenner’s engineered conveyor solutions (ECS) products. Revenue in the ECS division rose 31 per cent during the year. Total revenue rose 30 per cent to £718.3m. For the year ended 31 August, pretax profit was £69.6m, compared with £37.2m last