Source: Chemring

Chemring Falls Most in Two Decades as Export Delay Risks Default

  • Defense stock trades down as much as 42 percent in London
  • Company in talks with creditors over amending covenants

Chemring Group Plc fell the most in 24 years after saying a delay in winning approval to export ammunition to the Middle East will hurt earnings and could leave it struggling to meet debt obligations.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.