Sector movers: Spectris helps electrical stocks higher

13th May 2011 16:01

Precision instruments and controls group Spectris has bolstered the electronic and electrical equipment sector today after hailing a strong start to the year.Trading during the year so far for the FTSE 250 firm has been good, assisted by a healthy order book. Like-for-like sales were up by 21% in the four months to the end of April from the same period a year ago, the company said. Utility firm Scottish & Southern Energy (SSE) is providing a drag in the electricity sector.SSE has been in the news this week after being found guilty of misleading customers to switch energy providers. Surrey County Council Trading Standards accused the firm and its door-to-door sellers of using a misleading 'script' telling some 800,000 people that they were over-paying with their current supplier, when in fact they did not have any proof.Top performing sectors so far todayElectronic & Electrical Equipment 3,261.04 +1.80%Real Estate Investment & Services 1,680.61 +1.44%Aerospace and Defence 3,460.56 +1.27%Pharmaceuticals & Biotechnology 9,745.44 +1.19%General Industrials 3,304.07 +1.11%Bottom performing sectors so far todayElectricity 8,277.25 -2.12%Industrial Transportation 2,606.84 -1.29%Life Insurance 4,485.33 -0.80%Industrial Metals & Mining 7,668.09 -0.78%Fixed Line Telecommunications 2,418.87 -0.69%