Order delays halve Hampson profit

Engineering group Hampson’s shares fell 10 per cent yesterday after it reported a 57 per cent drop in pre-tax profit to £10.8m. Revenues rose 17 per cent to £197.5m, but its bottom line was also hit by a £34.6m impairment charge. The company, which is trying to sell off assets to reduce debt, had previously warned that US order delays would hit profits.