City Briefs: Ricardo; Ocado; F W Thorpe

Ricardo drives up profits despite near flat revenues
AUTOMOTIVE and engineering consultancy Ricardo has seen annual pre-tax profit increase by 14%, despite revenues remaining relatively flat.

The company, which has a major design facility in Leamington Spa, saw full year revenue increase slightly to £197.4m (2011: £196.5m). Pre-tax profit rose to £17.6m (2011: £15.4m).

The firm, which employs more than 1,700 consultants, engineers, scientists and support staff world-wide, said it remained confident fo... For the full story register now for free or login below...