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BUZZ-Clarkson: 2nd-worst day ever on FY profit warning

Mon, 04th Jul 2016 07:52

** Clarkson Plc -21%, top FTSE mid cap loser & on track for 2nd-worst day ever after British shippingservices provider warns on 2016 profit

** Clarkson says 2016 profits to be materially lower than2015

** Cites fall in freight rates, which reflects increase inglobal economic uncertainty & continuing imbalance betweensupply and demand in shipping

** Panmure Gordon cuts TP to 2550p from 2800p, expects 21%fall in PBT to c.43 mln stg

** Stock down c.2 pct YTD vs c.6 pct fall on FTSE 250

** Co to release H1 results on Aug. 15

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