UK's Pressure Technologies gains on naval contract

Chesterfield Special Cylinders Holdings

06/02/2023 14:11

** Shares of UK-based specialist engineering firm Pressure
Technologies  PRES.L  up as much as 18% at 47p - highest in over
four months 
    ** Co says its unit Chesterfield Special Cylinders gets 18.2
mln pound ($21.9 mln) contract for a major UK naval construction
programme
    ** Contract to supply air pressure vessels, to be delivered
within next three years
    ** As of last close, shares were up 12.8% YTD, after falling
44.4% in 2022
($1 = 0.8295 pounds)
 (Reporting by Anchal Rana in Bengaluru)
 ((Anchal.Rana@thomsonreuters.com; +91 9915609050;))