Robinson has released a trading update for FY25E indicating that underlying operating profit is expected to be in-line with consensus. The update also provides details of further progress in the property disposal programme which is ahead of our previous expectations. The FY26E outlook statement outlines P&L impacts from reduced property income due to the disposals together with increased investment in operating costs. We are lowering our adjusted PBT forecast by 15.8%. We maintain our 170p targe ....
