Shares in RSM Tenon have dived after the firm said adverse economic conditions have impacted its trading performance.
Shortly after 2.15pm, the share price of the national adviser and accountancy firm had fallen 31% to 9.6p after chief executive Andy Raynor said the uncertain economic situation has impacted performance. "All of our service lines have experienced challenging conditions, adversely impacting year on year trading performance, particularly in transaction-based activities," he said at the firm's AGM this morning. He added the firm continues to uphold its obligations to lenders and remains focused on working capital reduction, organic development and cost control. Raynor said an increase...
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