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Meggitt warning

Thursday 03 September 1998 23:02 BST
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MEGGITT, the manufacturer of aerospace and defence equipment, reported strong half year results yesterday but warned that it could be hit if the economy headed towards recession.

The warning came as the company reported a 30 per cent increase in its pre-tax profits for the six months to 30 June to pounds 17.7m. The shares rose 2.5p to 162.5p.

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