Monday, December 17, 2012

Bleak forecast hits Aggreko shares

Aggreko (AGK) was the biggest faller on the FTSE 100 in early trading, losing 16%, after the company warned its 2013 forecasts had been too optimistic.

The temporary power firm said that with military orders falling, Japanese renewals not expected and the effect of the Olympics in 2012, it is likely to report lower revenue next year.

The market for international power projects was waning, the company said, but stressed that it expected growth in both domestic and international business.

However, this was not expected to be significant enough to offset the expected

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