UK's Mpac Group slumps as tariff uncertainty hits annual forecasts
01/07/2025 08:32
** Shares of packaging and automation solutions firm Mpac Group MPAC.L fall 31% to 296.7p, its lowest since January 2024
** Now expects FY 2025 revenue to fall "significantly below" previous expectations
** Says tariff uncertainty has led to deferral of order decisions in Q2, which is expected to impact H2 revenue
** Co to consolidate Cleveland facility with the Boston facility and also reduce capacity at Mississauga facility in Canada
** Up to Monday's close, stock had fallen 24% so far in 2025
(Reporting by Raechel Thankam Job)
((RaechelThankam.Job@thomsonreuters.com))