- Packaging company Mpac Group downgraded its profit guidance after customers deferred purchasing decisions and it worked to complete two 'technically challenging' legacy contracts.

Pre-tax profit for the six months through June would now be around £1.2m below current market expectations, the company said.

'It has become apparent to the board the business climate has softened considerably as the year progressed, attributable in part to general economic as well as Brexit-related uncertainty, leading to customers deferring machinery investment decisions,' Mpac said.

At 9:49am: [LON:MPAC] Mpac Group Plc share price was -77.5p at 141p

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