Shares in Anglo-Dutch software services company LogicaCMG fell 9%in London late this afternoon after issuing a profit warning, blaming a disappointing performance at its UK operations.
LogicaCMG said today a UK contract was running behind schedule and will knock at least £10m off its profits this year.
The IT services and consulting company said that its UK trading in the first three months of the year had been disappointing, with revenues down by 4.1%. It also warned that UK revenues for 2007 will be lower than last year.
Earlier this year the venture capital fund backed by Dermot Desmond and former Parthus chief executive Brian Long, Atlantic Bridge, bought LogicaCMG's telecoms products business for almost €400m.
