STOCK WATCH

TEXTILE processing company Leeds Group had a shocker after announcing that trading in the second half of its financial year has been below expectations.

The firm, which focuses on fabric printing and yarn dyeing, said profits are likely to be lower than they were in 2016. It said a restructure, which has seen it bring a large part of its manufacturing process in-house, has taken longer than expected.

Shares plummeted 10pc, or 4p, to 36p.