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No change in Scott Wilson profits forecast

28-Apr-09 

Underlying operating profits for the year ending 3 May 2009 (before exceptional charges) are expected to be "broadly in line" with the previous financial year, says Scott Wilson, and that "little has changed" to market conditions since its statement in March (Environment Analyst 12-Mar-09). In its update to investors, analyst Numis Securities said there is "the potential for increased concern over UK public sector spend (c55% group turnover)" and that "reassurance is required that the management now see their prospects realistically" because the company "lost some credibility in under estimating their property related exposure".

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