Chemring Drops as Shutdown Adds to Pound Hurting Earnings

Chemring Group Plc, a U.K. supplier of countermeasures for combat jets, fell the most in 16 years after saying global political turmoil, currency shifts and production snags will reduce earnings this year and next. Chemring plunged 23 percent, the biggest drop since April 1997, to 220 pence, the lowest price since November. The stock has fallen 4.2 percent this year, reversing gains that reached as high as 40 percent in July.

See the full article at Bloomberg.com