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Abbeycrest: Dividend scrapped on loss warning

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    By By Gary Middleton

    Date: Friday 27 Sep 2002

    LONDON (ShareCast) - The jewellery distributor and manufacturer is down 35p, or 38%, at 57.5p after it warned that problems at its Thai operation will result in substantial interim losses and so it would scrap its dividend. It also said that it has downgraded second-half sales and profit estimates after a big customer cut its demand forecast.

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