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Atkins and Aukett Swanke share prices drop after Brexit vote

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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.’


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