SpaceX IPO is the biggest IPO in stock market history. Join the conversation.Click here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksThe Mission Group Regulatory News (TMG)

Share Price Information for The Mission Group (TMG)

Share Price is delayed by 15 minutes
Get Live Data
17.50    0.00 (0.00%)
Bid:
17.00
Ask:
18.00
Spread: 1.00 (5.882%)
Market Cap: £15.85m
TMG Live PriceLast checked at - London Stock Exchange

Intraday The Mission Group Share Chart

Trading Update

28 Jan 2011 07:00

RNS Number : 2097A
The Mission Marketing Group PLC
28 January 2011
 

 

 

The Mission Marketing Group plc 

 

Close Period update

 

28 January 2011

 

The Mission Marketing Group plc ('themission®`, AIM: TMMG), the national marketing communications and advertising group, today issued the following close period update for the year ended 31 December 2010.

 

2010 has been a year of transition for themission®. Board changes completed earlier in the year alongside a successful refinancing of the Group have resulted in a much strengthened business with an ambition to match. The revitalised management teams are now working cohesively and positively towards a common goal which is creating new opportunities and renewed optimism within the Group.

 

As predicted at the interim stage, trading improved in the second half of 2010, and turnover and operating income were ahead of both the first half of the year and the equivalent period in 2009. With margins also improved, second half profits have exceeded both H1 and the prior year. As a result, full year profits are expected to be slightly ahead of City expectations.

 

Although 2010 was another difficult year for the marketing services sector, themission® is well positioned to take advantage of opportunities. In October, ThinkBDW, the Group's property specialist agency, stepped in to offer virtually continuous service to both clients and staff of a failing competitor as it fell into Administration. In addition, the Group acquired certain assets of Robson Brown, formerly the North East's largest regional agency, following its collapse in December. We have subsequently been able to re-engage a number of former clients and employees and begun to re-establish this successful regional agency.

 

The Board is cautious about prospects for the coming year. The consumer has yet to experience the impact of the various Government debt reduction measures and all indications are that marketing budgets will remain under extreme pressure. As a result, the Group will continue to focus on what it does best: providing outstanding quality for its clients whilst keeping a tight control over costs. Continuing strong cash management and debt reduction will also remain a priority.

 

Enquiries:

  David Morgan, Executive Chairman

Peter Fitzwilliam, Finance Director

The Mission Marketing Group plc

 

 

020 7758 3525

 

Mark Percy/Jeremy Porter (Corporate Finance)

David Banks (Corporate Broking)

Seymour Pierce Limited

020 7107 8000

 

themission® is a national marketing communications and advertising group with 12 offices across the UK. The Group specialises in providing national and international clients with award winning marketing, advertising and business communications. Group members include April-Six, Big Communications, Bray Leino, Fuse Digital, RLA, Robson Brown, Story and ThinkBDW. themission® employs 600 staff nationally and is listed on AIM (TMMG).

 

www.themission.co.uk

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTUBSSRAAAAUAR
Date   Source Headline
6th Oct 200611:59 amRNSHolding(s) in Company
14th Sep 20067:01 amRNSInterim Results
17th Aug 20062:30 pmRNSStatement re RAB Special Sit.
15th Aug 20067:00 amRNS2006 Second Quarter Results
12th Jul 20065:28 pmRNSHolding(s) in Company
10th Jul 20064:20 pmRNSDirector Shareholding
27th Jun 200611:33 amRNSHolding(s) in Company
20th Jun 200610:09 amRNSHolding in Company
19th Jun 20062:30 pmRNSAppointment of advisor
25th May 20063:38 pmRNSHolding(s) in Company
16th May 20068:20 amRNSFirst Quarter Results
13th Apr 20068:02 amRNSAcquisition &1st Day Dealings
31st Mar 20066:30 pmRNSPrelim. Statement of Ann Res
31st Mar 20066:30 pmRNSCredit Agreement
23rd Dec 20051:30 pmRNSWage agreement reached
14th Nov 20052:30 pmRNS3rd Quarter Results
14th Nov 20059:00 amRNSDirectorate Change
7th Nov 20051:00 pmRNSDirectorate Change
19th Oct 20052:30 pmRNSAgreement reached with Unions
12th Sep 20052:50 pmRNSInterim Results
15th Aug 20055:00 pmRNSRelisting on TSX update
22nd Jul 20057:00 amRNSPresident Steyn mine
6th Jul 20054:29 pmRNSRestructuring/Trading Update
1st Jul 20059:57 amRNSSenior management appts
1st Jul 20059:54 amRNSFinal Results
1st Jul 20059:36 amRNSCCAA completes/new directors
30th Jun 20057:00 amRNSTemporary Suspension
30th Jun 20057:00 amRNSSuspension - Thistle Mining
11th May 20055:07 pmRNSSanction order obtained
4th May 20052:44 pmRNSCreditors approve plan
25th Apr 20052:30 pmRNSRestructuring plans update
8th Apr 20051:47 pmRNSMailing of meeting materials
31st Mar 20059:07 amRNSCCAA Extension
29th Mar 20053:30 pmRNSFiling of Financial Statement
15th Mar 20053:59 pmRNSReserves & Resources update
25th Feb 20058:32 amRNSActivities update
8th Feb 20057:00 amRNSCreditors arrangement update
7th Jan 20055:16 pmRNSCreditors arrangement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.