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Birmingham Post
Birmingham Post
Business
Jon Robinson

Shares slump after Science in Sport issues warning on cost rises and impact of closing Russian business

Shares have slumped at performance nutrition company Science in Sport after it warned the impact of a rise in costs and the closure of its Russian business is having.

The AIM-listed firm, which has a major base in Lancashire, saw its shares fall by almost 30% in early trading after it revealed its revenue growth for the first half of its financial year is expected to be lower than anticipated.

The business said it is set to report growth of 12% for the six months to the end of June compared to the same period in 2021.

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