UK's Vesuvius slumps after flagging persistent challenging market conditions

Vesuvius

24/07/2025 09:10

** Shares of British steel and foundry specialist Vesuvius VSVS.L down 9.5% at 350.7p; top loser on the FTSE mid cap .FTMC index
** Co expects challenging market conditions to persist for the year

** Says pricing environment remains difficult, particularly in Europe and China, limiting for the time being its ability to fully recover labour cost inflation
   ** Expects trading profit for H1 2025 to be about 77 million pounds ($104.42 million)

** Including session moves, stock down 17.1% YTD

($1 = 0.7374 pounds)

 (Reporting by Subiksha S in Bengaluru)

 ((Subiksha.S@thomsonreuters.com))