Nex lowers Optimisation margins for first half of the year
Operating profit margins for the Nex Optimisation business division in the six months to September 30 are set to be 20% rather than 29% as previously forecast
Nex Optimisation, a key unit of Nex Group, has lowered its profit margin forecast for the first six months of the year as it increases investment into the business ahead of the arrival of the second Markets in Financial Instruments Directive (Mifid II) in January 2018. The group said operating profit margins in the first half of the year at the unit are now expected to be 20% rather than the 29% it had previously forecast in its full-year results in May.
The time period covered in the
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