Work Group issues profit warning

■ Work Group’s Aim-listed shares plunged almost 20 per cent yesterday after the recruiter warned that profits for the current year will be below market expectations. The firm said net fee income fell four per cent to £6.2m in the first six months of 2012, and pre-tax losses were cut by nearly three-quarters on a year ago to £21,000. Work Group said it still expects to be profitable this year.