Why engineering outfit Spirax Group is in a downward spiral
West Country engineering firm Spirax Group (SPX) is being shunned by investors after its first-half results.The numbers themselves were pretty disappointing but more damaging was the downgraded guidance for 2024 and the implications this has for 2025. The company moved from mid-to-high-single-digit growth to mid-single-digit growth in revenue and from modest margin growth to flat margins. The comp