Shares in household cleaning products maker McBride tumbled by nearly a third after it warned rising costs will hurt annual profits. Shares in household cleaning products maker McBride tumbled by nearly a third after it warned rising costs will hurt annual profits. The group said more expensive raw materials and higher distribution costs were set to see annual underlying pre-tax profits fall by around 10% to 15%. McBride shares slumped 31% on the profit alert. As well as its own products, McBride has a large private label business making goods under retailers’ own brands.

Source: Irish Independent February 20, 2019 11:26 UTC