ISG: retail fit-out business will struggle later this year

摘要

Contractor ISG has confirmed its retail fit-out business will struggle in the second half of the year, after the group overall posted a 60% drop in profit in its latest results, writes Iain Withers. David Lawther, ISG chief executive, said a number of the firm's food retail and banking clients had pushed back or cancelled work, which caused the firm to issue a £3m profit warning in January. In its first half results to 31 December 2011, pre-tax profit at the group overall fell to £1.8m, compared with £4.5m over the same period the previous year.