IN BRIEF: Northcoders cuts costs as government funding is delayed
Northcoders Group PLC - Manchester-based software coding training provider - Says it is "confident in the long term funding outlook" but notes delays in recent months. In April, Northcoders said government funding would move to a fully regional model. By now, it expected "many of the regional authorities would have made funding awards". However, it says Thursday that some "regional authorities have yet to issue tenders or confirm exact future funding allocations". "We continue to receive updates suggesting delays, rather than cancellations," it adds. As such, expects revenue and profitability "to be unpredictable for the remainder of the current year and we are therefore unable, with confidence, to support current market expectations". Read More