Fenner warns on FY outlook

LONDON (Reuters) - Conveyor belt maker Fenner (FENR.L) warned on Friday its outlook for the full year will be at the lower end of market expectations on slowing orders.

"We are experiencing a temporary slowing of order patterns following the strong demand flows in the early part of the year," said the company in an interim management statement.

The company, which makes conveyor belts for the mining and power generation markets, said it has "reasonable" forward visibility at most operating units based on its current order books and has seen an increase in enquiry levels.

Fenner said exceptional costs in the third quarter related to its cost reduction programme were 5 million pounds.

Smallcap electrical engineering company T. Clarke (CTO.L) also warned on profits on Friday, saying it does not expect to meet current market expectations, after larger peer Spectris (SXS.L) reported weak first-half sales on Thursday.

(Reporting by Lorraine Turner; Editing by Victoria Bryan)