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20 Nov 2009 11:31
20 November 2009
IQ HOLDINGS PLC
("IQ Holdings" or "the Group")
Trading Update
The Board of IQ Holdings, the specialist business research company, is today issuing an update on current trading.
Since the announcement of the interim results on 30 June 2009, trading conditions have continued to be difficult and some large contracts have been postponed by customers. Consequently the Group's results for the year to 30 September 2009 will be significantly below market expectation.
The Board has commenced a strategic review of its operations, which may result in a sale of the Group's subsidiaries. However, discussions are at a preliminary stage and there can be no certainty that any such transaction will be concluded.
---ENDS---
Enquiries:
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IQ Holdings plc |
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Julian Green Website: www.iqholdings.co.uk |
Tel: +44 (0)20 8099 0560 |
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Nominated Adviser: Grant Thornton UK LLP |
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Fiona Kindness / Gerry Beaney |
Tel: +44 (0) 20 7383 5100 |
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Broker: Rivington Street Corporate Finance Limited |
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Monisha Varadan |
Tel: +44 (0)20 7562 3389 |
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Financial PR: Bishopsgate Communications |
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Robyn Samuelson Gemma O'Hara Email: iqholdings@bishopsgatecommunications.com |
Tel: +44 (0)20 7562 3350 |
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