A profit warning from Carr's Group (CARR) sent shares in the agriculture and engineering company plummeting this week. Management said as a result of a contract delay for its UK manufacturing business and a "slower than anticipated" recovery in US cattle prices, the group's performance for the current financial year would be significantly below expectations.
IC TIP:
Hold
at
128p
The group first hinted that there were problems back in January, although it hoped to mitigate the effect by cost cutting and winning new work to replace the delayed contract.
