Norman Broadbent PLC - London-based recruiter - Tells annual general meeting it expects to post a small, positive earnings before interest, tax, depreciation and amortisation for the six months to June 30 when it reports results in September. Net fee income was down by less than 10% in the half year from a year before. Norman Broadbent put this down to its "swift" adaptation to the Covid-19 pandemic. Chief Financial Officer Steve Smith says: "With the group posting positive Ebitda for the first half of this year, and with revenues only slightly down, our diversification strategy has demonstrated Norman Broadbent's resilience and relevance." Names Alan Howarth as non-executive chair, effective August 1. Howarth was founding partner of UK Management Consulting practice at Ernst & Young. Is chair of Cerillion PLC and a non-executive director of Tern PLC.
Current stock price: down 4.2% at 5.51 pence in London on Tuesday afternoon.
By Greg Roxburgh; gregroxburgh@alliancenews.com
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Norman Broadb (NBB)
Tern (TERN)
Cerillion (CER)