Shares dip after Severfield Rowen lowers its financial expectations

Shares in structural steel company Severfield Rowen slid on Tuesday morning after the company disclosed a change to the profit and loss account of 20.1m pounds in the 12 months to December 31st.

Shares in structural steel company Severfield Rowen slid on Tuesday morning after the company disclosed a change to the profit and loss account of 20.1m pounds in the 12 months to December 31st.

Unveiling the details of a scheduled board review of the company's finances, Severfield Rowen said it was considering seeking equity financing worth up to £50m and had lowered its expectations for the current year and 2014.

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