Ad agency gives new warning
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.SHARES IN Gold Greenlees Trott crashed 45p to 194p after the advertising agency issued its second profits warning in six months, writes John Murray.
The company said profits were unlikely to exceed pounds 3m for the year to the end of April. The total dividend will be cut by 3p to 5.3p. Analysts had already reduced profits forecasts from pounds 6m to pounds 4m- pounds 4.5m after the company warned in October that its UK business was depressed.
The company said yesterday that hopes for a particularly strong performance from the US business had proved unfounded, mainly because of the postponement of a national launch by a leading client, and by higher-than-expected costs on new business.
The board said it remained confident in the underlying strength of the business and had already taken steps to improve growth and profitability, particularly in the UK.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments