William Sinclair plunges on profit warning

William Sinclair's shares have plunged after the gardening products supplier admitted its financial performance will be lower than in the previous year as a result of exceptionally heavy rainfall.

William Sinclair's shares have plunged after the gardening products supplier admitted its financial performance will be lower than in the previous year as a result of exceptionally heavy rainfall.

The company previously warned that the wet weather during April and most of May has meant demand was below its normal levels, and now says there is only a small chance of recovery following continued heavy rainfall through June and into July.

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