As indicated in last week’s trading update, Murgitroyd’s interims represent something of a setback in profitability. While the integration of the recent acquisition in Nicaragua was expected to incur cost in the short term, a recent increase in business development activity has further suppressed profitability and H1 PBT reduced by 30% as a result. We are, though, confident of a strongly improved performance in the second half. The acquisition is expected to make a positive contribution in H2, c ....
