ISG.L Regulatory News (ISG)

29 Jul 2008 07:00



ISG PLC 

('ISG)

Extension to current framework agreements and appointment by HBOS group

ISG Retail and Leisure has received confirmation of extension of current framework agreements with leading financial retailers and a new appointment for the HBOS group. Over the last 3 months ISG Retail and Leisure has secured a 5 year retail roll out programme for Lloyds TSB extending their decade long relationship, together with a 5 year appointment for RBS and an annual extension to their HSBC retail framework. In addition ongoing projects also continue with Barclays including the new flagship branch in Piccadilly following the successful handover of the Manchester flagship store. In the financial year ended 30 June 2008 the business delivered projects totalling £28 million under these appointments. A 50% increase is being targeted in the next financial year.

David Lawther, CEO of ISG plc comments; 

"Our experience in the retail finance sector has been endorsed with these key appointments which give the business a solid foundation for further growth and sustainable performance. Our teams are focussed on providing unrivalled customer service to all of our clients to leverage market share from our competitors in the retail and leisure sectors."

29 July 2008

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