UK's Morgan Advanced Materials shares drop on lower annual sales forecast
14/10/2025 08:32
Oct 14 (Reuters) - Shares of Morgan Advanced Materials MGAMM.L fell nearly 14% on Tuesday after the British chip parts supplier forecast annual sales to be about 4% lower year-on-year due to weak semiconductor demand and growing uncertainty in European industrial markets. (Reporting by Yamini Kalia in Bengaluru; Editing by Sonia Cheema) ((Yamini.Kalia@thomsonreuters.com))