Weak markets blight RS Group sales, profits
Author: Mick Elliott, Contributing Editor Citing a softer industrial purchasing managers’ index and a weak electronics market, RS Group has reported full year revenues dipped 1% and 8% like for like to £2.94 billion from £2.98 billion. Profit slumped 25% from £402 million to £312 million. Industrial products including automation and control now contribute 81%