6 May 2011

Methven share down due to UK debt

4:35 am on 6 May 2011

Methven's share price has fallen 3% after saying it's owed $1.5 million from Focus, its largest customer in Britain, which intends to appoint administrators.

The listed tapware and showerhead maker says it's unable to properly quantify the full effect of this on its earnings just yet.