UK's Gateley plunges to record low after warning of lower profit margin

Gateley (Holdings)

04/06/2026 14:15

** Shares of legal and professional services group Gateley GTLY.L fell as much as 13% to an all-time low of 58p
** Co expects adj. operating margin to fall to about 11.1% for FY26 from 11.7% in FY25, as a challenging economic backdrop delays some transactional work and revenue recognition
** Although we saw a degree of normalisation during H2, more recent developments in the Middle East, combined with a worsening medium term interest rate outlook, also impacted client sentiment - Gateley in statement
** Including session's moves, stock down ~42% YTD
($1 = 0.7433 pounds)

 (Reporting by Neeshita Beura in Bengaluru)
 ((Neeshita.Beura@thomsonreuters.com))