Tomkins plc (TKS,TOMK.L) in its interim management statement said it expects the second half of 2009 to be better than the first half of the year.
The company said a number of its businesses continued to see month-on-month improvements throughout the third quarter, with the Automotive Original Equipment market showing some increased activity, driven by government incentives and scrappage programs, low inventory levels and new business launches. Sales to the Industrial Original Equipment market however, remain weak, principally due to limited credit availability, destocking and low end-customer demand.
Moving ahead, Industrial Original Equipment markets in North America are expected to remain flat in the fourth quarter of 2009. European markets are expected to demonstrate a similar trend to the North American markets. The global automotive aftermarket is expected to remain broadly flat.
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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.