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UPDATE 1-Clarkson H2 trading till date in line with own view

Thu Nov 5, 2009 3:50am EST

Stocks

   

* Says outlook cautious due to economic uncertainty

Industrials

* Confident of being on track to meet FY expectations

* Says reduced freight rates hurt broking revenue

* Shares fall 2.3 percent (Adds details)

Nov 5 (Reuters) - Shipping services group Clarkson Plc (CKN.L) said on Thursday it was trading in line with its own expectations since the start of the second half and remained confident about meeting its "cautious" full-year outlook.

In the four-month period ended Nov. 4, reduced freight rates continued to hurt the company's broking revenue across all areas.

Port and agency and technical services were trading in line with its expectations, Clarkson said in a statement.

Shares of the company were down 2.3 percent at 820 pence at 0816 GMT on the London Stock Exchange. (Reporting by Aditi Samajpati in Bangalore; Editing by Maju Samuel)

Industrials


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