View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 30, 1997updated 05 Sep 2016 12:36pm


By CBR Staff Writer

Future Integrated Telephony Plc, the telephone systems installation company which floated on London’s Alternative Investment Market back in November, has issued a profits warning which decimated the company’s share price. The company is due to report full year results to 30th May in August, but warned in advance that losses could be as high as 600,000 pounds, blaming growing pains as the culprit. Managing Director Kevin Clarke insisted however that the company would be in profit by the end of the current financial year. Shares reached a post float premium of 123.5 pence on their opening day, and have since climbed to 140.5 pence, but Monday’s bad news sent them crashing to just 85.5 pence. The tumble effectively wipes 6m pounds off the company’s value.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.