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Brokers Tips

Utilitywise investments hit profits

19 August 2015

Energy consultancy Utilitywise has warned of a slowdown in cash profits following increased spending in its key enterprise division.

Shares in energy consultancy Utilitywise (UTW) fell 15 per cent on the day management revealed that cash profits for the full year to 31 July would come in "slightly below market expectations" due to increased investment in the business. This is despite an expected 42 per cent increase in revenues year on year to around £69m.

Utilitywise investments hit profits

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