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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.