Companies: WDNY   

Mechanical and electronic engineering play Widney was affected by difficult trading conditions and uncertainty regarding its strategic review at the full year stage ended 30 September. Losses before tax were £3.3m compared with profits of £215,000 on turnover reduced to £23.4m (£24.5m), of which £11.4m related to the continuing Widney UK business. The group has sold its Chadburn Scotland, Palcon Systems and Widney Aish businesses and the disposals of two small Chadburn divisions are on the way. The board has decided to concentrate on its Widney UK arm, which has started the current period with a record order book. The first quarter of the current year will be affected by losses on trading of the discontinued businesses. At 29p, the shares are perilously close to the year low of 26.5p. The high is 77.5p.