London Capital Group falls into the red, slashes dividend

Shares in AIM-listed financial services company London Capital Group dropped after announcing that it fell into the red last year, for which reason it decided to slash its total dividend by two thirds.

Shares in AIM-listed financial services company London Capital Group dropped after announcing that it fell into the red last year, for which reason it decided to slash its total dividend by two thirds.

The company further reported that revenue decreased 27% to £28.6m. An adjusted loss before tax of £0.2m was recorded, in contrast to an adjusted profit of £7.1m in the previous year.

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