Rotork profits up on fluid biz

Mid-cap engineer Rotork, which makes valves for the oil, gas and water industries, yesterday posted a 13 per cent hike in adjusted profit thanks to robust growth from its fluid systems business. Revenue across the group’s divisions rose 14 per cent to £512m, while revenue for the fluid arm – which designs and makes pneumatic motors for the oil industry – increased 21.4 per cent, making it the fastest growing division last year.