UK’s Bytes Tech plunges 27% after profit warning

Shares of UK’s Bytes Technology plunged over 27% on Wednesday after the IT firm said its operating profit for the first half of fiscal 2026 would be marginally lower due to delayed customer payments and longer-than-expected readjustments from internal restructuring.

Trading in the first few months of the year was hurt by macroeconomic pressures, leading to deferred customer decisions, particularly among corporates, the firm said in an update to the exchanges ahead of its annual general meeting.

The stock fell as much as 27.43% to 369 pence, the lowest…