Impax Plunges 20% After Warning Tariff Tensions Will Hit Profit

Impax Asset Management Group Plc plunged to its lowest level in more than seven years after warning its full-year profit will be below market expectations as “highly uncertain” market conditions bite.

Shares of the sustainability-focused asset manager were trading down 16.1% in London at 10:30 a.m. after tumbling as much as 20.3% to the lowest since September 2017. The shares have fallen more than 71% in the last 12 months.