Connaught Expects Earnings to Be Subdued

The share prices of Connaught nosedived after it announced that profits would be under severe pressure in the coming days. The announcements lead to a loss of nearly £150m from its value and its shares were down 105p to close the day at 215p.

Experts also feel that the spending cuts initiated by the UK Government will significantly impact Companies working in the UK public sector. As a result of these steps, local councils will be increasingly looking to outsource these contracts.