Shares in Tribal (TRB) slid 6 per cent on news that chief Keith Evans will step down at the end of June. Divisional chief Rob Garner will take charge of the education-software group until a successor is found.
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Mr. Evans has spearheaded Tribal's ongoing shift from support services into software. Alongside a mixed set of final results, he unveiled a three-year growth plan that centres on overseas expansion and the group's student management system. It's expected to boost EPS by half to 17p over the next three years.
Broker N+1 Singer expects pre-tax profit of £17.1m, giving EPS of 13.9p (from £13.4m and 11.3p in 2014).
