Oxford Instruments reveals jump in net debt
Shares in Oxford Instruments slumped after it revealed its net debt had jumped more than 50 per cent in the past six months.
The high-tech instruments group saw net debt rise from £17.8m at the end of 2007 to £24m as working capital rose £2.3m. It made two acquisitions totalling £3.4m and was hit by £1.6m on foreign exchange movements.
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Republished from: traxfer.ft.com