Gattaca pulled down by weak fee income

Shares in AIM-listed specialist engineering recruitment firm Gattaca (LON:GATC) plunged by 13.80% to 90.51% (as of 11:50 GMT) after management said that underlying profits before tax for the year would be below current forecasts. The company said that market conditions in the UK had been difficult and led to net fee income for the last five month being 11% below the comparative period.

Management said that conditions have not yet recovered after the General Election and the timing of UK infrastructure projects remains unclear.