Photo-Me tumbles after profits warning

Around £150m (€218m) was wiped from the value of Photo-Me International today after the photo booth operator warned it would miss profits hopes.

Photo-Me tumbles after profits warning
Thu, 12 Jan, 2006 - 10:41

Around £150m (€218m) was wiped from the value of Photo-Me International today after the photo booth operator warned it would miss profits hopes.

Shares crashed 30% as Photo-Me blamed delays in the recovery in its minilab manufacturing business, which sells photo-processing equipment to retailers.

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