UK's Next 15 plummets on lower fiscal year profit forecast

Next 15

26/06/2025 08:50

** British consultancy Next 15's shares NFGN.L tumble over 16% to 241p, set for largest pct drop since Sept 2024

** Co forecasts FY26 profit "materially below" expectations, revenue to be in line

** Analysts estimate FY26 revenue of 491.7 mln pounds, profit of 51.9 pence/shr, according to company-compiled consensus

** Expects lower conversion of opportunities within Mach49 business after potential serious misconduct disclosure

** Co appoints Sam Knights as CEO after Tim Dyson retirement

** YTD, stock down 38.48%

 (Reporting by Unnamalai L in Bengaluru)

 ((Unnamalai.L@thomsonreuters.com;))