Mar 22nd 2013 - Edison Investment Research today published a report on WYG (WYG.L, LSE:WYG, LON:WYG) entitled "Turnaround Confirmed". In summary, the report says:
A return to profit in FY13 is a landmark moment for WYG and indicates the cost base has been appropriately scaled for current levels of business. This should naturally support y-o-y progress in FY14 with UK margin expansion and international development to progressively feed in. Medium term profit aspirations are ahead of current consensus and this target is intact. FY results are scheduled for 4 June.
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