600 Group struggles as external pressures impact performance

The price of shares in AIM-listed industrial engineering firm 600 Group (LON:SIXH) plunged by 26.43% to 10.30p (as of 14:50 GMT) as it said that trading conditions worsened during the final quarter of the year ending 28th March. Strikes at General Motors and the suspension of production for the Boeing 737 MAX as well as disruption in the Far East due to coronavirus have significantly impacted the groups operations.

Management said that as a consequence, results for the year would be substantially below prior guidance, but they continue to believe in the long term fundamentals of the business.