UK's Alumasc slumps on cautious 2026 outlook due to MidEast conflict
16/04/2026 09:53
** Shares of building-products maker Alumasc Group ALUG.L slump 12.5% to 227.5p ** Co expects FY 2025/26 underlying pretax profit of 11 million pounds ($14.91 million) as compared to 14.2 million pounds ($19.25 million) it reported in FY 2024/2025 ** ALUG maintains cautious outlook for remainder of calendar year 2026 ** Says Middle East conflict has led to slower decision-making and delay in large project timings ** "Market conditions have undoubtedly become more challenging since we published our Interim Results on 3 February, with increasing macroeconomic and geopolitical uncertainty weighing on decision‑making and project timelines across our end markets, driven by events in the Middle East." - CEO Pamela Bingham ** YTD stock down ~10% ($1 = 0.7378 pounds) (Reporting by Rishab Shaju in Bengaluru) ((Rishab.shaju@thomsonreuters.com ; +91 9048142177))