Severfield-Rowen plummets after profit warning

Steel company Severfield-Rowen has issued a profit warning after being hit with cost overruns on two UK projects.

Steel company Severfield-Rowen has issued a profit warning after being hit with cost overruns on two UK projects.

The company says budgets have been exceeded by a total of £1.6m, while the wider business is likely to see higher revenues in the second half of the year.

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