Summary
SHARES in British Polythene Industries yesterday plunged more than 6per cent after Europe's largest manufacturer of plastic film and bags said its first-half profits would likely come in lower than last year's first half - largely because of rising oil prices.
Greenock-based BPI in March unveiled a 79per cent hike in pre- tax profits and raised its dividend for the first time in eight years, indicating then that it had made a good start to the year.See the full content of this document
Extract
Bpi Shares Plunge On Profits Warning
However, Cameron McLatchie, BPI's chairman, yesterday ...
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