UPDATE 2-UK engineers give upbeat outlooks; sees market recovery

* Cos say uncertain about timing, strength of recovery

* Charter sees FY results beating own estimates * Spectris says well placed as markets return to growth

* Tomkins says H2 to be better than H1 * Charter shares down; Spectris, Tomkins stock up (Recasts, adds details)

Nov 5 (Reuters) - British engineering firms gave upbeat outlooks as they were confident about an economic recovery and expected stabilisation in their markets, but were uncertain about the timing and strength of the recovery.

Tool and equipment maker Charter International (CHTR.L) said on Thursday it expected its full-year results to beat own estimates with overall trading conditions remaining generally stable.

Charter said restructuring plans at its welding and cutting-tools division ESAB were delivering in line with expectations and that it was on track to achieve cost savings of 50 million pounds ($82.8 million) this year.

However, the company said it might further reduce jobs and other costs due to low activity levels across the cutting business.

Since November last year, ESAB has cut jobs, closed two consumables factories and reduced manned capacity in Europe and North America to save costs.

"The recovery looks as though it will be slow and uneven, with some regions and industries faring better than others," said Charter, whose shares were trading down 3.7 percent at 672.0 pence at 1119 GMT.