Dowlais shares skid to new low as automotive products group lowers 2024 guidance
Sales fall on automotive weaknessYear-to-date shares have lost 33%Revenues seen below last yearShares in Dowlais (DWL) were down over 6% to 72p in morning trading as the automotive products group released a trading update for the four months to 30 April 2024 ahead of its AGM (annual general meeting) later today.The group reported adjusted revenue of £1.7 billion in the period, a year-on-year fall