Medical tech company’s shares plunge on profit warning

Surgical Innovations saw its shares dive after it warned that its adjusted annual profit will fall below the prior year after disappointing trading in the second quarter. The company's stock was trading 37% lower in early trade on Friday at 2.60 pence each after the warning on profits which it blamed on a challenging regulatory approval process acting as a “formidable barrier” for prospective products and a disruption to order patterns caused by Brexit uncertainty. The company's share price later closed at 2.90 pence per shar... You can carry on reading TheBusinessDesk.com 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...
Close