24 November 2017 – trading update
It is disappointing to have to report that consultancy group WYG has issued another profit warning following another review of its operations. Although the International Development business continues to perform in line with expectations, the Consultancy Services business has experienced lower trading volumes than anticipated due to the loss or delay of certain contracts and lower volumes of work under certain framework contracts. Despite this the group remains profitable and the medium to long term prospects remain promising. Interim results are due to be announced on 5 December although these are unlikely to surprise. BUY FOR RECOVERY.