PageGroup Slides on Profit Warning

Recruitment firm guides the market that full-year profit will be at the low end of forecasts despite decent first-half figures

James Gard 10 July, 2019 | 1:14PM
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London commuters

Shares in FTSE 250 recruitment company PageGroup (PAGE) slumped 15% today after it warned that full-year profits will be below forecasts.

In an otherwise upbeat first-half trading update, the company said that annual operating profits would now be at the lower end of the range between £156.5m - £168.0m. The company's shares dropped 76p to 429p.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Liontrust Special Situations I Inc516.37 GBP-0.70Rating
PageGroup PLC650.50 GBP0.00

About Author

James Gard  is content editor for Morningstar.co.uk

 

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