UPDATE 1-Tomkins halves dividend, sees challenging 2009

Newswire

* Cuts full-year dividend to 13 cents from 28 * Targets dividend of 10 cents for 2009 * Says early 2009 trading adversely affected * Plans closure of 15 plants, affecting 2,500 staff (Adds details) LONDON, Feb 25 (Reuters) - British engineer Tomkins Plc halved its full-year dividend and announced plant closures and job losses as the tough market conditions in its end markets worsen. The company, which has suffered from its exposure to the slumping North American automotive and ...

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