Northcoders cuts costs as government funding changes bite

Northcoders shares fall 25% amid Govt contract doubt – Northern Financial Review

Shares of Manchester-based technology training firm Northcoders Group plc fell as much as 25% after it said it cannot accurately predict the timing of income from Government-backed contracts. Northcoders said it expects revenue and profitability to be unpredictable for the remainder of the current year and is therefore unable, with confidence, “to support current market expectations.” Northcoders shares have fallen more than 80% over the past ye…

AIM movers: Northcoders hit by tender delays for IT training and ex-dividends

Executive search firm Norman Broadbent (LON: NBB) reports interim net fee income up by one-third to £6m. This is helped by the rise in the average fee per mandate. Underlying EBITDA is more than £750,000. The company has moved into a net cash position of £200,000. Third quarter contracted revenues have increased. The share price […] The post AIM movers: Northcoders hit by tender delays for IT training and ex-dividends appeared first on UK Invest…

Northcoders cuts costs as government funding changes bite

Listed technology training provider Northcoders has said it cannot support current market expectations amid the move to a regional government funding model for skills bootcamps. The Manchester-headquartered company reported record results for last year but changes to how funding is allocated has created uncertainty. It has moved to reduce fixed annual costs by 40% this year as it looks to save £3.25m. “It had been anticipated that many of the re…