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Birmingham Post
Birmingham Post
Technology
Jon Robinson

'Be boring for a while': Analysts call for calm at ID tech firm GB Group as investors urged to buy up shares

An identity technology company has been urged to "be boring for a while" as analysts encouraged investors to buy up its shares.

Panmure Gordon made the call after Chester-headquartered GB Group revealed it had slumped to a loss of almost £120m during its latest financial year.

The business said its result was due to an annual impairment review which resulted in a £122.2m charge against its identity business, which is formed of its IDology and Acuant acquisitions.

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