LONDON (ShareCast) - Z Group, the marketing technology services firm, slumped today after warning that trading has been below expectations adding that the impact would be “significant.”

“Trading has been below expectations over the final quarter of the year and this is anticipated to have a significant impact on the results of Z GROUP for the year ending 28 February 2007,” it said in a statement.

The group said turnover for ONSPEED Mobile was significantly below expectations in the final quarter of the year, with revenues hit by timing delays to the closing of contracts.

Z said it still has a strong sales pipeline and has signed a number of MOU’s with partners that should convert into revenues in the next year.

A decision taken to focus on growing its customer base also means revenues from its file sharing platform OnShare will not start in the current year.

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