Rotork announces record results

Engineer Rotork topped the FTSE 250 index yesterday morning after posting a 9.5 per cent increase in half-year profits and a 12.3 per cent increase in revenue, boosted by a number of acquisitions and higher margins. Shares rose 6.7 per cent in the morning and closed 7.7 per cent higher at £29.12. “Our strategy of broadening our product offering and investing in our infrastructure has enabled us to grow order intake, revenue and profit all to record levels despite the weak economic conditions in some of our regions,” said CEO Peter France. “We continue to invest for further growth and anticipate that the group’s performance in 2013 will be weighted towards the second half.”