UK's GB Group falls after revenue growth forecast cut

GB

14/08/2026 08:23

** Shares of British identity technology company GB Group GBGP.L down 23.7% at 177, top laggards in FTSE mid-caps .FTMC index, which is up 0.3%
** Stock at its lowest point since 2015
** Company expects total group revenue growth for FY27 to be between 1% and 3%, down from previous forecast of mid-single digit range
** GBGP says Americas Identity business growth has not improved in Q2 due to higher-than-expected volume attrition on a few material customers, impact of attrition unlikely to be mitigated within current financial year
** YTD, co's stock down about 10% while FTMC is up about 11%

 (Reporting by Megha Anilkumar Nair in Bengaluru)
 ((MeghaAnilkumar.Nair@thomsonreuters.com;))