Cape plummets on margin warning

Industrial services provider Cape saw its share price dive 28% after reporting that it will incur a charge of £1.4m to cover the costs of closing its depot facilities near Brisbane.

Industrial services provider Cape saw its share price dive 28% after reporting that it will incur a charge of £1.4m to cover the costs of closing its depot facilities near Brisbane.

The closure comes as a result of continued low returns in the Queensland commercial and residential access business.

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