News Column

MoPowered Finance Director Steps Down After Profit Warning

July 3, 2014

Hana Stewart-Smith

LONDON (Alliance News) - MoPowered Group PLC said Thursday that Finance Director Ben Carswell has stepped down and left the company with immediate effect, following a profit warning from the company on Tuesday.

MoPowered warned Tuesday that its revenues had risen less than anticipated in its first half, and as a result its revenues for 2014 were now expected to be more modest.

The software-as-a-service provider said Thursday it had already begun the search for a replacement for Carswell, and in the meantime, "appropriate interim arrangements are in hand."

Shares in MoPowered were trading down 14% at 27.50 pence Thursday morning, the second worst faller on AIM.

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Source: Alliance News

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