NCC released a trading update yesterday afternoon highlighting further issues in its Assurance division. Sales growth has been lower than expected in all regions, resulting in a significant reduction in full year expectations. We have reduced our EPS forecasts by 25% in FY’17 and 22%/25% in FY’18/’19 respectively. Escrow continues to perform in line with expectations. In response to these issues the Board has announced a strategic review into all of the Assurance businesses. The results of the s ....
22 Feb 2017
N+1 Singer - NCC Group - Further issues in Assurance
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N+1 Singer - NCC Group - Further issues in Assurance
NCC Group plc (NCC:LON) | 125 0 0.0% | Mkt Cap: 390.6m
- Published:
22 Feb 2017 -
Author:
Oliver Knott -
Pages:
4
NCC released a trading update yesterday afternoon highlighting further issues in its Assurance division. Sales growth has been lower than expected in all regions, resulting in a significant reduction in full year expectations. We have reduced our EPS forecasts by 25% in FY’17 and 22%/25% in FY’18/’19 respectively. Escrow continues to perform in line with expectations. In response to these issues the Board has announced a strategic review into all of the Assurance businesses. The results of the s ....