FTSE 100 Stock Loses, Then Regains £600 Million on Wild Day
- RS Group fully recoups an opening 19% plunge to close higher
- Initial dismay over results replaced by cost-saving optimism
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By any standards, it’s been a choppy earnings day for electronic-components maker RS Group Plc.
The FTSE 100 member lost, and then regained, more than £600 million ($737 million) of market value in Tuesday trading, as initial dismay over its results was replaced by optimism over cost savings.