Dialight down after contract delay
Light-emitting diode (LED) firm Dialight fell after it reported delays to a major contract had hit trading in its signal lighting division.
Light-emitting diode (LED) firm Dialight fell after it reported delays to a major contract had hit trading in its signal lighting division.
The firm said trading in that business, which sells obstruction, traffic and transportation products, was below expectations due to a hold-up in the award of a significant new contract for obstruction lighting.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The statement, which covered the period from 1st July until 8th November, noted the Industrial Lighting segment of the company was performing in line with expectations as was its Components division.
"The group has seen strong worldwide order intake for lighting and the board is confident in the growth strategy for both Industrial Lighting and Signal Lighting, meeting expectations for 2012 and of continuing good progress into 2013," it said.
Shares were down 6.9% by 09.00 following the announcement.
-
Boost for over 100,000 families on Child Benefit as new HMRC payment system rolled outThousands of households will no longer have to pay the dreaded High Income Child Benefit Charge through self-assessment
-
Are you being haunted by the ghost of Christmas past? How festive cutbacks could boost your long-term wealthThe average family spends around £1,000 over the Christmas season. Here’s how much you could have gained if you had invested some of the money instead.
