Third Profits Warning for Engineering Company ; Shares Plummet After Announcement
Linked as:
Summary
SHARES in troubled engineering group Mowlem plummeted yesterday after it issued its third profits warning in eight months.
Mowlem's stock dropped 8% after it said a review of the way it values contracts and accounts for profits would result in a pounds 20m reduction in profit expectations for 2005.See the full content of this document
Extract
Third Profits Warning for Engineering Company ; Shares Plummet After Announcement
The group said in December that 2004 profits would be at the low end of hopes, then told the market in Februa...
See the full content of this document
Sponsored links
