Kunick has issued its second profits warning in just over two weeks and announced a new chief executive.
The Leeds-based leisure group warned that its Leisure Connection facilities management business would not benefit immediately from returns on its new contracts. Colin Daniels, head of Kunick's successful amusement machine division, has now replaced Russell Smith as group chief executive in a bid to turn things around.
Daniels expects to announce the findings of a review when the leisure management group reports its year-end results in December. The profits warning led to a 25% crash in the share price on Friday.
The Leeds-based leisure group warned that its Leisure Connection facilities management business would not benefit immediately from returns on its new contracts. Colin Daniels, head of Kunick's successful amusement machine division, has now replaced Russell Smith as group chief executive in a bid to turn things around.
Daniels expects to announce the findings of a review when the leisure management group reports its year-end results in December. The profits warning led to a 25% crash in the share price on Friday.
