Oglesby & Butler hit by currency movements

ISEQ-listed Oglesby & Butler, whose main market is partly based in the US, has reported a fall in interim profits due to difficult trading conditions and the weakness of the dollar and sterling.

The tool making company, which is involved in talks on a management buyout approach by directors AP and JP Oglesby, said turnover in the six months to the end of September was €2.4m, a drop of €0.5m last year.