Half Year Results 

NCC shares plunge on UK squeeze

NCC shares plunge on UK squeeze

NCC's (NCC) shares took a dive after half-year numbers revealed weaker UK revenues and a significant squeeze in the cash conversion ratio from 72 per cent to 33 per cent. Management now expects full-year adjusted operating profits of £34m, down from house brokers Peel Hunt and Jefferies' prior estimates of £35.3m and £34.9m, respectively.

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