RPS warns of annual results 'materially below' market expectations

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Professional services company RPS warned it its results in calendar 2019 would be 'materially below' market expectations due to weakness at its Australia and Asia Pacific division.

The company said that the Australian economy was experiencing its slowest growth since 2009

Public sector infrastructure spending had been affected by recent state elections in Victoria and New South Wales states, it added.

The current analyst consensus for for 2019 fee income and pre-tax profit was £594.0m and £49.9m.

At 11:31am: (LON:RPS) RPS Group PLC share price was -57.5p at 109.5p