PracticeAccounting FirmsTenon shares continue to slide

Tenon shares continue to slide

Shares in Tenon, the UK's largest accountancy consolidator, have this morning slipped to a new record low of 82.5p, after it issuing a profits warning on Friday.

The AIM-listed group, warned 2001 profits would be a fraction of what the market was expecting. The value of its stock plummeted following the announcement, closing at a then new low of 85p.

Today the slide has continued, with 30p wiped off its share price from before the announcement, falling to less than half its record high of 174p, some 12 months ago.

Profits for 2001 will be between Pounds 500,000 and Pounds 1m against an expected Pounds 6m. Results for the year ending 31 December, are due to be released in late February.

Meanwhile, shares in rival AIM-listed accountancy group Numerica appeard to be relatively unaffected by the news, with its stock falling just 1p to 113.5p.

Links

/a>

Related Articles

EY director joins Crowe Clark Whitehill as partner

Accounting Firms EY director joins Crowe Clark Whitehill as partner

1d Emma Smith, Managing Editor
RSM announces growth across every business line in 2017

Accounting Firms RSM announces growth across every business line in 2017

3d Lucy Skoulding, Reporter
WorkStyle: Helping accountants to support new contractors

Accounting Firms WorkStyle: Helping accountants to support new contractors

1w ClearSky Accounting | Sponsored
Grant Thornton grows profits while radically reshaping portfolio

Accounting Firms Grant Thornton grows profits while radically reshaping portfolio

1w Alia Shoaib, Reporter
How to protect LLP firms from a damaging team move

Accounting Firms How to protect LLP firms from a damaging team move

1w Clive Greenwood, Lewis Silkin
Grant Thornton reports gender pay gap at 26.6%

Accounting Firms Grant Thornton reports gender pay gap at 26.6%

3w Alia Shoaib, Reporter
5 ways to adapt your accounting services for millennial clients

Accounting Firms 5 ways to adapt your accounting services for millennial clients

4w Receipt Bank | Sponsored
Smith & Williamson reports double digit growth

Accounting Firms Smith & Williamson reports double digit growth

4w Alia Shoaib, Reporter