Sign up to The Irish Times Archive (1859 - 2008)My Account »

Mon 04 Apr 2003Invensys shares soar on asset sale hopesShares in Britain's Invensys climbed by up to a third this morning amid hopes the battered engineering firm might sell off more assets to pay back debts and help it cope with tough trading conditions.The former powerhouse of British industry is looking to sell parts of its energy management division and may also break up its development business, the Daily Telegraphnewspaper reported, without naming its sources.