Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Atkins and Aukett Swanke share prices drop after Brexit vote

CREDIT Alf Ribeiro_Stock market exchange stocks shares finance financial sector FTSE_shutterstock_391295668
  • Comment

Share prices fell for both Aukett Swanke and Atkins today in the wake of the UK vote to leave the European Union

AJ100 practice Aukett Swanke, the sole AIM-listed architect-only company, saw the value of its shares drop 9.78 per cent. The news ends a troubled few weeks for the practice, which has witnessed a drop in share price from 6.5 pence at the beginning of June to 4.06 pence today (24 June). 

The company recently blamed the uncertainty surrounding the EU referendum for poor trading figures, having posting pre-tax profits for the UK part of its business of £498,000 for the six months to 31 March 2016. This was down from £927,000 for the same six-month period last year.

Meanwhile global giant WS Atkins also appears to have been hit by the Leave campaign’s victory - the company’s share price fell today by 6.05 per cent.

A spokesman for Atkins said: ’Britain has made its decision to exit the European Union and the process of leaving now begins. It is critical that, during this period, the government does not become distracted from the vital task of delivering the nation’s infrastructure and ensuring the future productivity and competitiveness of the UK. Close attention must also be given to the maintenance and protection of our commercial and contractual links with Europe.’

 

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.