Cuts have early impact on private sector
In an early indication of how the cuts announced in the Budget are going to cause trouble in the private as well as the public sector, a social housing maintenance company, Connaught, has issued a profits warning which led to a severe drop in its share price. A similar company, Mears, also saw its share price hit. As the FT reports, the notion that such outsourcing companies might pick up extra business because they offer cost-savings to local authorities isn’t being bought by the markets.
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Jun 26th 2010, 9:54 pm
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The cuts and the private sector | ToUChstone blog: A public policy blog from the TUC
Aug 1st 2010, 4:00 pm
[…] the social housing services provider, was one of the first to be hit, issuing a profit warning, followed by a drop in their share price. Recent reports have warned that the FTSE 250 company is […]
How the Coalition’s cuts are hitting the private sector | Liberal Conspiracy
Aug 3rd 2010, 12:18 am
[…] Connaught, the social housing services provider, was one of the first to be hit, issuing a profit warning, followed by a drop in their share price. Recent reports have warned that the FTSE 250 company is […]
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Aug 4th 2010, 3:28 pm
[…] the social housing services provider, was one of the first to be hit, issuing a profit warning, followed by a drop in their share price. Recent reports have warned that the FTSE 250 company is […]