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Volatile inputs weigh on Hill & Smith

The infrastructure engineer is faced by more challenging trading conditions than originally anticipated
Volatile inputs weigh on Hill & Smith

Investors came to these results aware that UK project delays and bad weather would weigh on Hill & Smith’s (HILS) first-half numbers. What they didn’t expect was that Brexit uncertainty, together with the unwelcome addition of raw material price volatility, would force the infrastructure engineer to backtrack on its bullish outlook statement issued in March.

IC TIP: Hold at 1167p

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