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DTZ Share Price Slumps on Profit Warning

LONDON-Quoted broker DTZ lost a fifth of its stock market value after chief executive Mark Struckett issued a shock profits warning.

By Graham Parker | Updated on April 26, 2002

LONDON-DTZ shares were trading at 124p, down from 156p at the beginning of the week after a shock profits warning from chief executive mark Struckett. The company said it was unlikely that performance would improve in the second half of its financial year.

The Stock Exchange announcement said that since January there has been a continued slowdown in transactional activity across a number of key markets. While the flow of new instructions continues to be strong, the average time between instruction and completion has lengthened.

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