Johnson Matthey Drops as Chemical Plant Investments Put on Hold
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Johnson Matthey Plc fell the most in more than two years after the British supplier of catalysts used in chemical manufacturing said declining oil prices are affecting investments in chemical plants.
The impact is being felt across the industry, with delays in decisions on expansion projects and new factories, Finance Director Den Jones said in an interview today. The shares fell as much as 5.8 percent, the steepest intraday drop since November 2012.