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Proactis endures major customer losses

The group’s shares plummeted over 40 per cent after four major customer losses in the first half
Proactis endures major customer losses

Proactis (PHD) has seen better days. Shares in the spend-control software group plummeted more than 40 per cent on the news that the strengthening pound and unexpected customer losses meant revenue was “slower to build” in the six months to January 2018. Worse, such losses will also affect the second half.

IC TIP: Hold at 112p

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