TPXimpact Holdings PLC – Shares in TPXimpact Holdings PLC (AIM:TPX) fell over 23% to 24.85p after the digital transformation consultant warned of delays in the procurement of large customer programmes, which will result in group revenues falling for the full year to March. Trading for the three months to December, its third quarter, met management expectations in terms of profitability and margins, with approximately £30 million of new business secured, taking the nine-month total to £65 million. However, it said the first weeks of 2025 have not seen the Digital Transformation business make a return to normal trading conditions, as it had anticipated. "Macroeconomic conditions and the post-election budgetary issues highlighted by the incoming government, despite significant appetite for digital transformation, have led to delays in the procurement of large digital transformation programmes with tender and award decisions moving by many months," TPX said. "In addition, spending controls implemented after the October budget have had the effect of slowing the ramp-up of new business wins and the rate at which the won backlog on some central government programmes can be expended." Chancellor Rachel Reeves also pushed back the government’s comprehensive spending review, which sets out departmental budgets for the […]
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