Hampson Industries stays cautious on prospects

BLACK Country aerospace group Hampson Industries has said it remains cautious about its expectations for the current year and has not ruled out further disposals as it looks to reduce debt levels.

In an interim management statement, the company said net debt as of January 31 this year was £99m, an increase of approximately £10m since the half year.

It said the increase was in line with management forecasts and was the result of normal phasing differences between the receipt of contracted progress payment... For the full story register now for free or login below...