Profit warning as engineering group’s delays go nuclear
Engineering group Redhall has issued a profit warning after it experienced "unforeseen delays" on nuclear and infrastructure projects.
Its share price plunged 25% when markets opened as investors reacted to the setbacks.
The Wakefield-based group had told the stock market that some work, most significantly at nuclear plant Hinkley Point C which was due to start in the final quarter of the year, has now been deferred into its 2018 financial year.
Redhall said the timing of the delays, to this and other projects, are “disappo... 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...
