Industrial supplies firm Brammer dives 30% after issuing a profit warning and scrapping dividend 



Industrial supplies firm Brammer saw its shares fall nearly 30 per cent after issuing a profit warning and scrapping its dividend.
Stocks in the pan-European firm slumped 37.25p yesterday, to close at 89.5p, after a trading update revealed the company has abandoned a proposed dividend for 2016.
Brammer said it had 'lost focus in some of its core products and markets' and has found that there is a 'need to improve the group's core business systems and processes'.
RELATED ARTICLES Previous 1 Next Sports Direct shares take a dive after retailer warns that... Hopes that the cheaper pound will... read more

 
7 October 2016 in Business, Views: 48
Source: Daily Mail
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28