TRADING UPDATES: Iomart's annual profit to be at lower end of guidance

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

--------

Iomart Group PLC - Glasgow, Scotland-based managed services and cloud computing firm - Expects revenue for the six months to September 30 to reach GBP52.5 million, up from GBP51.9 million a year ago. Adjusted pretax retax profit, however, is expected to amount to GBP7.3 million, down from GP9.1 million. Says the mix of the business continues to be focussed on "recurring cloud managed services revenue, which is in line with management expectations". It expects revenue and profit for the second half alone to top the levels seen in the first half of the year. But, Iomart warns that margins are not expected to "fully recover" so profit for the year ending March will be at the lower end of board expectations.

--------

Robert Walters PLC - London-based recruitment firm - Achieves 22% rise in net fee income to GBP112 million for third quarter ended September 30, compared to GBP91.8 million a year ago. Says growth is seen in all regions except for the UK. "84% of the Group's net fee income is now generated by our international businesses. Asia Pacific and Europe, the group's largest regions, continued to produce good growth and it's also been encouraging to see our smaller businesses across the Americas and Middle East delivering strong results," says Chief Executive Robert Walters. Expects profit to be in line with current market expectations. Additionally, the firm says Leslie Van de Walle will rejoin as chair, effective on November 1. She is also Chair of Euromoney Institutional Investor PLC and chair designate of Greencore Group PLC.

--------

Foresight Group Holdings Ltd - Jersey-based investment fund - Posts GBP12.6 billion in assets under management as of September 30, up 42% from GBP8.8 billion a year ago. Reports GBP9.3 billion in funds under management, up 40% from GBP6.7 billion. Says infrastructure division has delivered exceptional growth. Executive Chair Bernard Fairman says: "We anticipate the introduction of legislation in the UK and Europe to make the electricity markets more affordable to end users."

--------

By Xindi Wei; xindiwei@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.