Randall and Quilter Investment dives on massive impairment charge

Shares in Randall and Quilter Investment took a dive after the group posted a loss on ordinary activities following an impairment charge, plunging the company into the red.

Shares in Randall and Quilter Investment took a dive after the group posted a loss on ordinary activities following an impairment charge, plunging the company into the red.

A pre-tax profit (PTP) on activities on 2010 of £7.5m turned to a loss of £4.7m, equal to loss per share (EPS) of 0.9p (2010: +12.2p). The market had been expecting a PTP of £8.31m and EPS of 12.60p.

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