Financial Times FT.com

Tomkins airs car hopes

By Michael Kavanagh

Published: August 13 2009 19:12 | Last updated: August 13 2009 19:12

Shares in Tomkins moved ahead as the auto parts maker predicted a small recovery in global carmaking volumes.

Jim Nicol, chief executive, said interim revenue, which fell from $2.9bn (£1.7bn) to $2bn, had been adversely affected by downturns in the automotive and construction sectors, with trading in North America particularly hard hit.

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