UK's Belluscura sinks after withdrawing 2025 forecast on US-China trade war

Belluscura

08/04/2025 11:09

** Shares of medical device maker Belluscura BELLB.L plunge as much as 50.4% to record low of 0.62p

** Co withdraws its forecast for 2025 due to the latest U.S. tariffs imposed on China

** Co says "significant proportion" of its portable oxygen concentrators, raw materials and component parts are currently manufactured in China, which now faces 54% tariffs on goods imported into the U.S

** 8.7 million shares traded, compared to 30-day avg of 1.9 million

** Stock's YTD decline deepens to about 93%

(Reporting by Aby Jose Koilparambil in Bengaluru)

((abyjose.koilparambil@thomsonreuters.com))