UPDATE 2-Tomkins year profit firms on acquisitions

Newswire

(Adds shares, CEO, analyst comments, releads) By Michael Smith LONDON, Feb 22 (Reuters) - British engineering firm Tomkins Plc posted a 1.4 percent rise in annual profits as expected on Wednesday as income from new acquisitions and price increases offset a weak North American automotive market and higher material costs. Tomkins, which sells parts used in car engines and air conditioners, tipped further growth this year as it expands in China and India and introduces new products, but ...

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