UK’s Van Elle tumbles after downbeat FY forecast

Van Elle Holdings

22/09/2025 08:13

** Shares of Van Elle Holdings VANL.L down 17.6% at 30.5p

** Co says FY revenue and profit expected materially below market expectations

** Cites spending constraints, contract delays, including Building Safety Act approvals for high-rise residential buildings

** Brokerage Peel Hunt cuts target price to '45p' from '55p'

** Including session’s losses, stock down about 15% YTD

(Reporting by Judes Joseph in Bengaluru)

((judes.joseph@thomsonreuters.com;))