BUZZ-Balfour Beatty: close to breaking below 2008 lows
** Balfour Beatty (Other OTC: BAFBF - news) suffers another gap down as investors appear to rushing for the exits.
** Busiest stock on the day on the FTSE 250 with nearly three times its average daily volume traded already.
** Warns on profits for second time in two months with weakness in its mechanical & engineering division blamed.
** Shares (Berlin: DI6.BE - news) now within striking distance of breaking below 2008 lows.
** Stock now down 28% this year, 2nd worst performer on European small-cap index behind Ophir Energy (Other OTC: OPGYF - news) which is down 31.5%.
** Before Thursday's warnings stock already ranked worse than 94% of StarMine-tracked European stocks on analyst sentiment. More downgrades likely following latest announcement.
(RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)