WYG’s interims make reassuring reading this morning, confirming a stable performance in H1 and reiterating full year expectations. Consultancy Services has reported modest revenue growth and, importantly, an improvement in margins as a result of recent strategic initiatives. As a result Group operating profit increased slightly in H1 despite a decline in International Development (Turkey/IPA II hiatus). We see considerable scope for further margin enhancement over coming periods alongside improv ....

04 Dec 2018
Reassuring interims, CS margins improving

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Reassuring interims, CS margins improving
WYG’s interims make reassuring reading this morning, confirming a stable performance in H1 and reiterating full year expectations. Consultancy Services has reported modest revenue growth and, importantly, an improvement in margins as a result of recent strategic initiatives. As a result Group operating profit increased slightly in H1 despite a decline in International Development (Turkey/IPA II hiatus). We see considerable scope for further margin enhancement over coming periods alongside improv ....