Invensys misses forecasts but rises

Shares in engineering technology company Invensys rose yesterday even as the company missed City forecasts. The company, which saw shares plummet in the summer as it turned down a bid from US firm Emerson Electric, said it was confident of an upturn in orders. Invensys, which builds the technology used in rail signalling systems, said sales in the first half of the financial year had been £1.2bn.