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Pulp and paper producer Sappi saw its share price plunge as much as 14% on Thursday after the group released a scathing production update, with US tariffs and trade tension putting pressure on second-quarter earnings.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
STOCK HIGHLIGHT: Tariff pain
Trade tension drags down Sappi
Pulp and paper producer Sappi saw its share price plunge as much as 14% on Thursday after the group released a scathing production update, with US tariffs and trade tension putting pressure on second-quarter earnings.
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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.