Electrocomponents hammered by sterling movements as chief executive to step down THE BRITISH distributor of electronic products for engineers, Electrocomponents, posted 2.8 per cent revenue growth to £616.4m in the first half of the year to 30 September yesterday. However, it saw a 16.1 per cent slump in profits hit by fewer trading days and currency movements. Long-serving boss Ian Mason, who announced his departure from [...]
Electrocomponents suffers after US growth hurt by poor weather BRITISH electronic parts supplier Electrocomponents saw its shares dive 4.86 per cent after it said its north American sales growth had been hurt by freezing weather conditions in December and January yesterday. The FTSE 250 firm sells and distributes electronic components and reported underlying sales growth of two per cent during the four months to [...]