Watkin Jones shares pummeled on cut to guidance
Shares in Watkin Jones (WJG:AIM), the UK's leading for-rent developer and operator, sank 30% in a day last week after the firm cut its operating profit forecast for this year and warned profit next year would likely be even lower rather than rebounding.The group, which focuses mainly on student accommodation but also develops mixed-tenure schemes of affordable housing, said market activity had bee