UK's Wynnstay Group falls on profit warning
02/10/2024 09:11
** Shares of Wynnstay Group WYWYN.L fall 9.4% to 290p
** British agriculture supplies firm says results for the
year ending Oct. 31 will be materially lower than current market
expectations, and also below the previous financial year
** Says weaker-than-expected second-half show due to
underperformance of the feed division and the fertiliser
blending operation
** Says the feed division weighed down by decreased poultry
feed volumes, adds it is expected to persist
** Including session's losses, stock has fallen ~16% YTD
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))