The shares fall as much as 41% after the construction and engineering group sends shockwave through markets
Murray & Roberts lost more than a third of its market value on Monday after the iconic construction and engineering group forecast a loss in the six months to end-December, catching the market off guard.
The share price plummeted as much as 41%, the worst on record, before recovering slightly to trade 34% lower at R4.33 by the close of trade, giving it a market valuation of R1.8bn...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'They were all young': Turkish village mourns 41 miners killed in blastThree out of 41 miners killed in the coal mine explosion in the town of Amasra on Friday were from Ahatlar, a village on its outskirts, where funeral services were held on Sunday.
Read more »
Automobile Association: Petrol price increases on the cards for NovWith petrol prices seeing substantial decreases over the past few months, the Automobile Association has now warned South Africans that increases are on the way next month.
Read more »
M&R shares plunge on warning of loss in half-year resultsDisruptions in supply chains and delays in project milestone payments persist with a number of projects progressing slower than planned
Read more »
M&R share price tanks on profit warningThe share price of Murray & Roberts (M&R) dropped by 35% to R4.28 on Monday, following its cautionary announcement predicting a 100% decline in its financial results for the six months period ending on 31 December 2022. Moneyweb CompanyNews NDL_ndumeey
Read more »