DSW Capital PLC - Warrington, England-based professional services licence network and owner of the Dow Schofield Watts brand - Chief Executive Officer James Dow buys 89,000 shares at 92 pence each, worth £81,880, in London on Friday. Dow is now interested in 3.2 million shares, a 14.7% stake.

Earlier Friday, DSW says it will not achieve current market expectations for its full financial year, as its second-half has been hurt by wider macroeconomic conditions and uncertainties. Chief Executive James Dow says the firm is ‘extremely frustrated’ by this following a very strong first half of the year.

It revises its guidance for the financial year ending March 31 to between £2.8 million and £3.1 million for revenue and between £1.4 million and £1.7 million for earnings before interest, tax, depreciation and amortisation. In its last financial year, revenue stood at £3.0 million and Ebitda totalled £2.2 million.

Current stock price: 90.60 pence, down 23% on Friday

12-month change: down 26%

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