Meggit hikes 2018 revenue guidance as market conditions improve

(Reuters) - British engineering company Meggit said it now expects total organic revenue growth in 2018 to rise by 4-6 percent, up from 2-4 percent earlier, helped by a stronger than anticipated trading in the second quarter.

It said it expected operating margins at the lower end of its 17.7 to 18 percent guidance range due to slower-than-anticipated recovery at its polymers and composites division in the first half of the year.

(Reporting by Justin George Varghese in Bengaluru; editing by Jason Neely)