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Spire slashes guidance but potential remains

Spire slashes guidance but potential remains

In hindsight, we were a little optimistic in March when we suggested that Spire’s (SPI) fortunes may be set to turn. So were the investors who sent the group’s share price up more than a tenth before a profit warning knocked away those gains. The private hospital provider thinks adjusted cash profits will fall to £66m in the first six months of 2018, from £83m last year, while annual numbers will be “materially lower” than the £150m reported in 2017.

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