As trailed in trading updates in August and, more recently, in November, it has been a challenging period for WYG. We make no changes to our headline numbers today following recent downgrades, and take reassurance from the strength of the order book, which continues to move on to new highs. Legacy issues are still being addressed (a new £2.45m provision taken in H1 relating to discontinued businesses) but the underlying business is robust. Self-help measures should gradually restore margins, sug ....
05 Dec 2017
N+1 Singer - WYG - Tackling H1challenges, targeting a return to growth
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N+1 Singer - WYG - Tackling H1challenges, targeting a return to growth
As trailed in trading updates in August and, more recently, in November, it has been a challenging period for WYG. We make no changes to our headline numbers today following recent downgrades, and take reassurance from the strength of the order book, which continues to move on to new highs. Legacy issues are still being addressed (a new £2.45m provision taken in H1 relating to discontinued businesses) but the underlying business is robust. Self-help measures should gradually restore margins, sug ....