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Carnival shares dive in London and New York after forex, fuel cost rise warning

Shares in the Carnival group holding companies fell almost 10% in London and New York after the company had published strong interims, but warned of a significant increase in foreign exchange and fuel costs.

At 1530 UK time /1030 NewYork time, shares in Carnival plc, the UK domiciled company in the dual listed structure of the group, traded 8.75% lower at £43.22 on the London Stock Exchange. At the same time in New York, Carnival Corporation that is domiciled in Panama but managed from the US, had lost 9.54% to $57.42.

The principal stock indices both in London and New York had lost ground earlier in their respective sessions on renewed fears over trade wars.

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