Investors’ confidence remains fragile at foundry business

The share price of foundry business Chamberlin took another 10% tumble yesterday after it confirmed operating losses were larger than had been forecast. Its shares hit a 10-year low last week when it first revealed that a bad debt was going to increase its operating losses for the year to March by half, to £900,000, and there would be a £3m non-cash writedown of its assets. The Walsall-based company made a profit overall because it sold its Exidor business but is now cutting costs to get in better financial shape. Chamberl... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...