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Abbeycrest: Jewellers sparkle dims on profit warning

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    By By Gary Middleton

    Date: Thursday 03 May 2001

    LONDON (ShareCast) - Shares in the jewellery manufacturer and distributor have been marked down 7p to 82.5p, after it warned that full-year operating profits will be lower than market expectations. It blamed the shortfall on raw material price increases and fixed price supply contracts. This is despite group sales for the year climbing 12% on last year.

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