UPDATE 3-UK's Tomkins sees improved earnings but dlr weighs

Newswire

(Adds more comment from analyst, company on hedging) By Dan Lalor LONDON, Nov 24 (Reuters) - British engineer Tomkins Plc forecast improved full-year earnings on Wednesday as it posted a 6 percent fall in third-quarter operating profit due to a weak dollar and higher raw material costs. But shares in Tomkins, which makes 70 percent of its sales in the United States and does not hedge its foreign exchange exposure, fell 6 percent as investors fretted about the impact of the dollar as it ...

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