IN BRIEF: Driver expects half-year revenue and profit drop

Driver Group PLC - Lancashire, England-based provider of consultancy services to the construction and engineering industries - Expects to report revenue for the six months ended March 31 of GBP22.5 million, down 7.0% from GBP24.2 million the year before. Says it will also report an underlying pretax profit of around GBP600,000, down 14% from GBP700,000 a year prior. Looking ahead, says it continues to perform well across the UK and Europe. Key focus remains the delivery of its transformation strategy. Chief Executive Officer Mark Wheeler says: "I am pleased to see our strategy delivering improved performance in both [Asia Pacific] and the Middle East, which have both returned to profit. Management have acted promptly in resolving the challenges in North America, and our UK and European regions continue to perform well. I believe the group is therefore well-placed to move forward positively into [the second half of financial 2024]." Driver is set to publish results for the first half of its financial year on June 12.

Current stock price: 24.20 pence, down 6.9%

12-month change: down 10%

By Sabrina Penty, Alliance News reporter

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