UK OK, But GBST Hits Downgrade Button

Another weaker-than-expected outlook for FY17 has been offered, this time by financial technology provider GBST (GBT). The downgrade is attributed to four project deferrals in the UK, where weak operating conditions prevail, and a cancellation. The company has indicated it will not adjust its cost base in response, as it expects the revenue shortfall to be temporary, and the pipeline of work remains solid.

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