Jaywing: Shares plunge 24% to 6-yr low on profit warning
10/07/2019 11:55
** Shares in data science specialist Jaywing JWNG.L lose
nearly a fourth in market value after saying it was unlikely
that current year's profit will match last year's
** Stock at lowest level since June 2013
** Co says due to heightened political and economic
uncertainty, many clients are focused on the short term
** Also says that where client spend is discretionary, it is
running at a level well below previous years
** Jaywing, which operates in the UK and Australia, says
trading in Q1 has been very weak
** Stock has already lost nearly 40% YTD, excluding
Wednesday's losses
(Reporting by Muvija M in Bengaluru)
((Reuters Messaging: muvija.m.thomsonreuters.com@reuters.net))