Readymix shares down 5% at close

SHARES in concrete maker Readymix plummeted by more than 15% yesterday before staging a recovery to end 5% down on the day.

Readymix took a beating after the company announced on Friday, after close of business, in a blunt statement: “The profits of Readymix plc will be substantially below market expectations for 2004.”

Obviously the company hoped that, with the weekend to digest the news, the markets would not savage the company.