UPDATE 1-Banking, outlook fears drag Invensys to new low

Newswire

(Recasts, adds fund manager quote paragraph 6, updates share price) LONDON, Feb 24 (Reuters) - Troubled British engineering group Invensys Plc suffered more gloom on Monday as its shares crashed to a new all-time low as worries deepened about its recovery prospects and exposure to banking covenants. At 1429 GMT Invensys shares were down 9.2 percent at 14-3/4 pence, the worst performer in the FTSE 100 Index. The shares have slumped 94 percent in the past three years and lost two-thirds of ...

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