- Marketing company Mporium Group warned it would miss its earnings guidance and had raised £1.5m via a share issue to fund a business restructure.

New shares in the company were issued at 1p each.

The 'major' restructure would see the company refocus on its performance-led MporiumX division due to underperformance in its agency division.

'The board now recognises that its gross margin aspirations will take longer to achieve, Mporium said.

'As a consequence the company will not achieve the desired Ebitda breakeven within 2019.'

'As a result, the company has concluded that the business should restructure and reduce its cost base materially.'

At 9:56am: [LON:MPM] Mporium Group Plc share price was -0.52p at 0.96p

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