UK woe sees WYG issue profit warning

By Dave Rogers2019-02-14T13:11:00

Consultant says ’political uncertainty’ hitting its biggest market

Struggling consultant WYG has said that full year profit this year will be hit by projects being cancelled in the UK.

Issuing a profit warning yesterday afternoon, the firm said “cautious business sentiment and political uncertainty” were hitting jobs in its main market.

Its Consultancy Services business, which is dominated by UK work, accounts for more than three quarters of turnover and the firm said: “Consultancy Services is seeing some delays in investment decisions regarding new work as well as the deferral of activity on certain existing projects, across both the public and private sectors.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community