UPDATE 2-Tomkins plans more cost cuts for a challenging 2009

Newswire

* CEO says early 2009 trading "tough" * Plans closure of 15 plants, affecting 2,500 staff * Cuts full-year dividend to 13 cents from 28 cents * Targets dividend of 10 cents for 2009 * Shares rise 8 percent in early trade (Adds CEO comments, shares, analyst) By Victoria Bryan LONDON, Feb 25 (Reuters) - British engineer Tomkins Plc halved its full-year dividend and announced plans for more plant closures and job losses as the challenging market conditions in its end markets worsen. ...

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