Norcon plummets on profits warning
Norcon, a communications consultancy, has seen its share price plummet following a profit warning.
Norcon, a communications consultancy, has seen its share price plummet following a profit warning.
The company says that its profit before tax figure will be below market expectations after higher than anticipated foreign exchange, financial, recruitment, and relocation costs.
Its net income is also being hit by a higher than expected tax charge.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Shares in Norcon had fallen 17% by 11:50am. Over the last 12 months the stock has lost 47% of its value.
BS
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Nationwide launches 5% savings account – who is eligible?
Nationwide’s new fixed rate savings account leads the market in terms of interest rates for 18-month fixed rate bonds. Are you eligible?
-
Shein shifts IPO focus to Hong Kong
The development piles fresh pressure on London’s beleaguered stock market, which many had hoped would be boosted by Shein’s IPO