DWF Share Price Crashes as Keystone Cancels Dividends In Latest Virus Disruption
DWF's issues a profit warning while Keystone becomes the latest listed firm to cancel its dividend payouts.
March 27, 2020 at 06:49 AM
3 minute read
DWF and Keystone are the latest U.K. listed firms to be hit by the coronavirus disruption, as the market reels in the face of the global pandemic.
DWF's share price tumbled by 22% to 69.6p Friday morning—its lowest point since it listed last March having last month climbed to as high as 143p. As of 10.30AM Friday, the price had bounced slightly to 86.9p.
The firm warned its investors that it expects to generate lower than anticipated profits in FY20 alongside higher than anticipated net debt.
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