Invensys upbeat despite profits fall

UK- based engineering group Invensys today posted a 39% fall in half-year profits, but insisted a shake-up had given it “a real sense of operational momentum”.

The London-based firm said operating profits in the six months to September 30 dropped to £63m (€89.9m) from £103m (€147m) previously, while sales fell to £1.5bn (€2.1bn) from £2.04bn (€2.9bn).