Measurement technology group Hexagon AB said on Thursday a slowdown in rail investments in China had hit its second quarter sales, sending its shares sharply lower. Shares in Hexagon which sells products under brands such as Leica Geosystems as well as its own name, fell 11.76 percent by 1130 GMT. Geosystems, Hexagon’s largest business area, which represented 36 per cent of group sales in the second quarter, recorded organic growth of just 1 percent in net sales, Read More
