Friday, Rotork Plc (ROR.L), in its interim management statement for the period from 1 July to 20 November 2009, said its group revenues and margins remained strong, although, as expected, the timing of order placements has remained challenging. The company said that the order intake in the third quarter was 3.4% lower than the comparative period in 2008.
The company said that the sales revenue to date and the strength of the order book support its view that it expects to achieve profits for the current year at the upper end of market forecasts.
Roger Lockwood, Chairman of Rotork said, "Bob has made a significant contribution to the development of Rotork over the past 21 years. On behalf of the entire Board, I would like to extend our thanks to Bob and wish him well for the future. Rotork's succession planning process has identified Jonathan Davis as the best candidate to take Rotork forward to the next stage of its development and we look forward to him joining the Board in 2010. Jonathan joined Rotork in 2002 as Group Financial Controller, moving to his current role of Divisional Finance Director, Rotork Controls Division on 1 January 2008."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.