Tex Holdings: Some Units Show Recovery Signs, Cautious On Upturn

14th Jun 2010 15:17

LONDON (Dow Jones)--Tex Holdings PLC (TXH.LN) said Monday that in the continued difficult economic conditions and turmoil, trading has been difficult but in the circumstances satisfactory. MAIN FACTS: -The Group has had to make further difficult decisions and cost cuts to allow the Group to be leaner and fitter to exploit the eventual upturn. -A number of the subsidiaries are showing early signs of improved trading. -The Board however remains cautious as to the timing of the expected upturn in trading. -Shares at 1417 GMT down 3.00 pence, or 6.45%, at 43.50 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 14, 2010 10:17 ET (14:17 GMT)