Shaft Sinkers, the underground construction company, has seen its share price bomb after announcing it has suspended work for its Russian client EuroChem.
The suspension at EuroChem's Volgakaly potash mine has been forced by "extremely difficult ground conditions" which have made work "extremely slow".
Shaft Sinkers has now entered negotiations with EuroChem on amending or terminating their contract.
Subscribe to 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
Shares in Shaft Sinkers have dropped 61% this year.
BS
-
How Avios points work: how to collect and spend themAvios points offer worthwhile rewards for the savvy traveller. We explain how to collect, keep track of, and make the most of your Avios points
-
Unilever braces for inflation amid tariff uncertainty – what does it mean for investors?Consumer-goods giant Unilever has made steady progress simplifying its operations. Will tariffs now cause turbulence?
