SHARES in Dialight, the UK's leading LED maker, crashed yesterday as the firm warned that full-year profit will be hit by the ongoing US-China trade war turmoil.

The LED lighting group's share price plummeted 19.4 per cent to 243p yesterday after it said signs of recovery have been hampered by a slowdown in global markets.

Citing a weak October and difficulty over predicting the timing of orders, the firm expects earnings before interest and tax to be in the range of £5m to £8m. In July the group issued a profit warning and announced the departure of its boss.

(c) 2019 City A.M., source Newspaper