Sherwood International sent its stock diving with a trading update that warned of tough times in the insurance IT sector.
The company is due to publish 2002 results on 4 March, but forecast revenues would fall to about £52m from £56.5m in 2001.
The fall is due to the closure of a loss-making US business, Mattioda, and the effect of the weakening dollar.
The company's stock fell 16% by Tuesday afternoon, the day of the announcement, to 70p.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
