16th Feb 2016 08:34
LONDON (Alliance News) - Industrial fastenings manufacturer Trifast PLC on Tuesday said it remains confident it will meet its expectations for the year to the end of March, despite some softness emerging in UK industrial markets.
The company said it has made good progress over the course of the year and said the debate around the UK's place in the European Union has not "unduly" impacted its trading conditions, though it is monitoring the situation.
The group said trading in mainland Europe and Asia remains strong, though it has seen a softening of conditions in the UK industrial market recently. Still, its order pipeline remains "encouraging", it said, and it remains in talks with a number of its customers on extending the plants its services.
Shares in Trifast were up 1.1% to 111.25 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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