UK's Next 15 shares rise on plans to wind down Mach49 operations

Next 15

28/08/2025 09:12

** Consultancy group Next 15's shares NFGN.L up 4.4% at 273.5p

** Co to permanently cease operations at U.S.-based venture-building firm Mach49, months after disclosing "potential serious misconduct"

** NFGN, which bought Mach49 in 2020, has entered arbitration with former members of the firm over earnout payments related to its acquisition

** Co expects FY26 adjusted operating profit to be in-line with market expectations of 67.5 million pounds ($91.19 million), according to a company consensus.

** Including the session's moves, stock has fallen 31.51% in 2025

($1 = 0.7402 pounds)

 (Reporting by Raechel Thankam Job in Bengaluru)