Manufacturer’s shares spike for second time in a week
Shares in Chamberlin spiked for the second time in a week yesterday, despite the stock market having its worst day for two months.
The engineering group's share price rose 18% to 144.5p to set a new four-year high.
Chamberlin's shares are now trading 38% above its close on April 10, before the Walsall-based specialist castings group revealed an upbeat trading performance and expectations that its uunderlying profitability would be ahead of the previous year.
It continues a long upward trend since July 2016, when its shares we... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
