STOCK WATCH: Building materials firm Low & Bonar sank after warning of continued tough trading conditions

City & Finance Reporter for the Daily Mail

The businesswill consider issuing new shares to investors to help pay  its £129m debt pile

The businesswill consider issuing new shares to investors to help pay  its £129m debt pile

The businesswill consider issuing new shares to investors to help pay its £129m debt pile

Building materials firm Low & Bonar sank after warning of continued tough trading conditions.

The business, which creates materials used in car interiors and house roofing, will consider issuing new shares to investors to help pay down its £129million debt pile. 

Its dividend for the year ended in November will likely be lower than last year, bosses added.

Low & Bonar is still looking to sell its civil engineering business. Shares slumped 14.9pc, or 3.05p, to 17.45p.

 



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