Finance
UK's Applied Nutrition Shares Fall on Iran War Concerns
Published by Global Banking & Finance Review®
Posted on March 23, 2026
2 min readLast updated: March 23, 2026
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Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 23, 2026
2 min readLast updated: March 23, 2026
Add as preferred source on GoogleApplied Nutrition shares fell sharply—down 16.1% to 185.4 pence—as the company warned of reduced Middle East volumes due to escalating Iran conflict, although it maintained its full-year revenue forecast.
March 23 (Reuters) - Shares in Applied Nutrition plummeted in early Monday trade after the British supplements maker forecast "some" reduction in volumes in the Middle East due to the Iran conflict, even as it kept its annual revenue outlook unchanged.
"The group is cognisant of the current disruption to shipping routes and purchasing activities within the Middle East," the firm with shipping routes and operations in the Middle East said.
Shares, which last as much as 18.6%, were down over 13% at 191.8 pence as of 0836 GMT.
The creatine and protein supplement maker kept its annual revenue outlook of 140 million pounds ($186.47 million)unchanged despite forecasting some reduction in volumes into the Middle East during the second half.
For the first six months ended January 31, the firm posted an adjusted core profit of 21.5 million pounds, up nearly 56% from last year levels.
($1 = 0.7508 pounds)
(Reporting by Prerna Bedi in Bengaluru; Editing by Nivedita Bhattacharjee)
Shares fell due to concerns over reduced Middle East volumes amid the Iran conflict.
Shares dropped by 16.1% to 185.4 pence as of 0815 GMT.
The company kept its annual revenue outlook unchanged despite regional concerns.
The Middle East is expected to see some reduction in sales volumes.
The report was filed by Prerna Bedi in Bengaluru for Reuters.
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