Sweett Group is not so sweet after all

Sweett Group shares have taken a hammering this morning, tumbling by almost 30pc.

This is because the company, one of Britain's oldest quantity surveyors, said it has discovered evidence that suggests "material instances of deception may have been perpetrated by a former employee or employees of the group during the period of 2009 - 2011".

As a result, Sweett Group has commissioned a further independent investigation by lawyers from Mayer Brown LLP...