Origin Enterprises shares tank on profit warning

Geoff Percival Shares in Irish agri-services group Origin Enterprises slumped near to 10% after it warned operating profits for its financial year are likely to be negatively impacted by prolonged poor weather conditions.

Shares in Irish agri-services group Origin Enterprises slumped near to 10% after it warned operating profits for its financial year are likely to be negatively impacted by prolonged poor weather conditions.

Origin’s crop technology service business stretches across Ireland, the UK, eastern Europe and South America. The company says that the traditionally quieter first half of its financial year had started slower even by its standards.