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BUZZ--Low & Bonar in free fall after profit warning

Reuters - UK Focus

** Low & Bonar (LSE: LWB.L - news) falls 16.6 pct after profit warning this morning.

** Textile manufacturer said problems with Saudi Arabia joint venture after delays in obtaining a key product certification.

** Loss of at least £1m now expected for FY2014.

** Fall is biggest one-day move since November 2008.

Chart: http://link.reuters.com/fub82w

** Two of three analysts covering stock downgrade from "buy" to "hold", according to StarMine.

** Stock still trades on P/E of 11.5, a premium to ten-year average of 9.9.

(RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)