Schools out as RM warns on profits

Share value plunges 44 per cent...

Share value plunges 44 per cent...

RM, the UK provider of PCs, software and services to the educational sector, has issued a profits warning.

In a statement, it announced its full-year profit will fall below current market expectations, citing a weak final quarter ending 30 September.

It said some schools are "decreasing the amount of their core budgets they allocate to ICT expenditure".

The company's shares fell 44 per cent to 197.5p yesterday.