UPDATE 2-Assa Abloy says sales to remain weak in Nov, Dec

Newswire

* Sees no thaw in markets until mid-2010 * Says Oct sales "not fantastic" * Repeats long-term margin, sales targets * Shares down 2 pct, underperforms index (Adds further CEO comment, share price reaction) By Victoria Klesty LONDON, Nov 24 (Reuters) - Assa Abloy , the world's biggest lock maker, said on Tuesday it expected no improvement in lacklustre sales until the middle of next year as the global downturn continued to weigh on construction. "October was not fantastic. That we ...

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