UK's Telecom Plus falls on dour annual profit forecast

Telecom Plus

28/04/2026 08:43

** Shares of UK-based Telecom Plus TEP.L down 11.7% at 1,256p

** Top loser on FTSE midcaps index .FTMC

** The multiservice utility-provider expects FY26 adjusted profit before tax at the bottom end of previously guided range of 132 million pounds to 138 million pounds ($178.33 million to $186.38 million)

** Downbeat outlook due to reduced energy consumption during unseasonably warm winter, says co

** Up to Monday's close, stock had fallen ~6% so far this year

($1 = 0.7402 pounds)

 (Reporting by Roshni Srivastava in Bengaluru)

 ((roshni.srivastava@thomsonreuters.com))