Ad
Thursday, September 18, 2025
20.5 C
London

The Voice of Scaffolding Since 2008  U.K. Edition

Cape plc shares fall by 30% after profit warning

- Advertisement -

Cape's

Cape plc which provides scaffolding and industrial services for energy and oil companies across the globe saw it’s shares plunge after they announced today their third profit warning in 12 months.

The firm also announced today its chief financial officer Richard Bingham, had resigned with immediate effect and is expected to receive a contractual one-years pay-off.

The reason for the profit warnings comes after a downturn in work and lack of new projects in it’s onshore oil operation in Australia.

Cape are continuing an ongoing review of the onshore Australian business which would likely be complete before year-end.

According to the London Evening Standard Cape shares, which stood at 465p ahead of the November 2011 profit warning, crashed by a third today, falling 87p to a six-year low of 175p.

 By Daniel Norton

Let us know your thoughts on this story in the comments below

- Advertisement -

Popular Categories

Latest Magazine

Most Read This Week

Scaffolding industry celebrates at Manchester awards night

The UK scaffolding and access industry gathered in Manchester...

BBC Breakfast broadcasts live from ScaffEx25

BBC Breakfast was on air from Manchester this morning...

Scaffolding reaches Tyne Bridge parapets ahead of repainting works

The Tyne Bridge restoration project has reached a new...

Scaffolding boss raises £35k with sports auction

A charity auction of rare sports memorabilia has raised...

Layher: Leading the way in product and design innovation

As Layher is shortlisted for the NASC Scaffolding Excellence...

Related Articles

AT-PAC Named Advanced Partner of Scaffolding Association Australia

Sydney — The Scaffolding Association Australia has announced AT-PAC as its new Advanced Partner for 2025/26 — a move aimed at strengthening safety, innovation, and standards across the country’s scaffolding sector. AT-PAC, part of...
- Advertisements -

Latest Topics

AT-PAC accelerates European expansion with strategic German launch

Scaffolding specialist establishes key operations in Germany as part...

Scottish scaffolding apprentices to compete at ScaffChamp 2026

A team of young scaffolders from Scotland and Northern...

Pontefract scaffolding director hit with £100k Covid loan repayment order

A West Yorkshire scaffolding contractor has been ordered to...

Scaffolding boss raises £35k with sports auction

A charity auction of rare sports memorabilia has raised...
- Advertisement -