Vantis stock falls after trading update
Vantis, the AIM-listed accountancy group, loses over 2% after trading news
Vantis’s share price was 2.77% down in morning trading after the AIM-Listed
accounting group updated the market on trading ahead of its final results.
The accountancy services business said that it expected final year revenues
for the year ended 30 April 2006 to be in line with expectations, but still saw
its stock drop 7p to 245.5p.
Vantis said that the integration of Numerica and Booth Anderson Chester, both
acquired in 2005, was proceeding to plan and delivering cost saving synergies in
IT, HR, marketing and finance. Vantis added that the market for accounting, tax
and consulting services remained stable.
The AIM-listed company will release final results on 19 July.