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Engineering firm Invensys will get a £95 million settlement from Bombardier following rescoping of work on the London Underground.

Shares in British Energy defied Monday's market collapse after admitting it could be taken over.

Spirax-Sarco Engineering posted a higher full-year pre-tax profit on higher sales and said 2008 has started well.

Industrial services group Brammer outlined aggressive growth plans for 2008 after posting a 21% rise in sales for the past year.

Defence and aerospace group BAE Systems has reported a 22% rise in underlying profit to £1.48 billion for 2007.

Equipment and tool rental group Speedy Hire has increased third-quarter income by 43% as it reiterates limited exposure to the troubled house building and retail sectors.

Automotive transmission systems maker Torotrak said that it is trading in line with full-year expectations.

Industrial group Smiths today warned of problems with the firm's medical devices division. The arm, which makes products such as drips and ventilation devices, has been hit by supply chain issues.

Waste collection and recycling firm Biffa agreed a £1.2 billion private equity deal takeover, but a counterbid could be looming as it confirms other interested parties.

Engineer Rolls-Royce fought off the weak US dollar and rising to cost to grow profit for 2007 by 13%.