Sinks as raft of negative factors seen to hit sales

600

21/02/2020 08:33

** British industrial engineer 600 Group  SIXH.L  slumps 25%
to 11 pence after co says it expects FY outturn to be
significantly lower than the previous revised estimate
    ** Co says the coronavirus outbreak is causing disruption to
shipping from the far east
    ** Co says conditions have become more challenging from last
year's General Motors  GM.N  strike in U.S. plants and
suspension of manufacturing of Boeing's  BA.N  737 MAX 
    ** Stock hits lowest since March 2017    
    ** Co sees shortfall in revenue against relatively fixed
cost base from market volatility
    ** Order intake in both machine tools and industrial laser
systems businesses remains volatile
    ** Two significant projects have been pushed into the next
financial year

 (Reporting by Tanishaa Nadkar in Bengaluru)
 ((Reuters Messaging:
tanishaa.nadkar.thomsonreuters.com@reuters.net))