Hasgrove plummets after profit warning

The share price of digital and communication services group Hasgrove collapsed on Friday, after the firm revealed that full-year profits would be half of what is currently expected.

The share price of digital and communication services group Hasgrove collapsed on Friday, after the firm revealed that full-year profits would be half of what is currently expected.

The group now expects a pre-exceptional operating profit of £1.5m in the year ending 31 December, well below current market expectations of £3.3m. This figure would fall to £0.8m after excluding contributions from Interel, its European corporate affairs consultancy business which it offloaded in July.

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