Sign In
Last checked at 
5 Dec 2008 11:21
ο»Ώ
Christie Group plc
Trading Update
AΒ slowdown ofΒ businessΒ salesΒ transactionsΒ has beenΒ caused by the unprecedented disruption toΒ theΒ financial markets, particularlyΒ in September andΒ October. As a resultΒ of theΒ consequentΒ delays to exchange of sales contractsΒ the Group is now expected to be lossΒ making for the year ending December 31stΒ 2008.
The Company isΒ being regularlyΒ retainedΒ to advise lenders and find solutions for those businessesΒ that are facing difficultiesΒ inΒ theΒ sectorsΒ in which we operate. WeΒ expectΒ this advisory workΒ toΒ gather pace in the New Year.
The Group retains healthy cash balancesΒ andΒ will enter 2009 withΒ significantly reduced costs inΒ ourΒ Professional Business Services Division.
5 December 2008
Enquiries:
David Rugg 020 7227 0707
Robert ZenkerΒ
Christie Group plcΒ
Charles Stanley SecuritiesΒ
(Nominated Adviser)
Philip Davies / Jen BoorerΒ 0207 149 6000
Follow the stocks
