Michelmersh Brick issues profit warning

Shares in brick and tile firm Michelmersh Brick fell heavily on Monday after the firm said 2012 profits would come in below market expectations.

Shares in brick and tile firm Michelmersh Brick fell heavily on Monday after the firm said 2012 profits would come in below market expectations.

The company said it only expects to break even for the full year after it came up short in the first half and said it would not make this ground up in the second.

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