MORE than £250 million was cut from Aggreko's stock market worth yesterday as the City fretted over slower growth at the Scottish temporary power company, even though a 15% underlying rise in first-half revenues is expected.
MORE than £250 million was cut from Aggreko's stock market worth yesterday as the City fretted over slower growth at the Scottish temporary power company, even though a 15% underlying rise in first-half revenues is expected.
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ian mcconnell business editor
Chief executive Rupert Soames told The Herald that the business was "in rude health".
However, Aggreko's shares were weighed down by the signal, in its projection of an underlying 15% rise in first-half revenues, of a slowing of its pace of expansion in the second quarter to June 30. The shares dropped 94p or 4.35% to £20.66, cutting Aggreko's stock market worth from £5.793 billion to £5.541bn.
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