UK's GB Group drops on impairment charge, and GBG Go investment
02/06/2026 09:12
BUZZ-UK's GB Group drops on impairment charge, and GBG Go investment
** Shares of British identity technology company GB Group GBGP.L down as much as 16.6% - Stock is top loser on FTSE mid-caps .FTMC
** Co announces a £6 million ($8.08 million) one-off investment to accelerate GBG Go, with FY27 margins guided at 21%–22% to reflect the spend
** GBGP also recognises operating loss of £68.1 million vs previous year's £22.7 million profit due to a £73.1 million non-cash goodwill impairment charge
** YTD, stock has fallen ~14%
($1 = 0.7424 pounds)
(Reporting by Tuhina in Bengaluru)