Serv­elec cuts guid­ance

Shares - - BIG NEWS -

EN­TER­PRISE SOFT­WARE sup­plier Serv­elec (SERV) has had to cut back its growth am­bi­tions thanks to end user in­vest­ment de­lays in parts of the au­to­ma­tion and health­care in­dus­tries. The com­pany's bro­ker has In­vestec cut rev­enue and earn­ings be­fore in­ter­est, tax and amor­ti­sa­tion (EBITA) fore­casts by 5% and 11% re­spec­tively, and the shares have sunk around 15% to 245p. (SF)

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