5 Dec 2008 11:21
Christie Group plc
Trading Update
A slowdown of business sales transactions has been caused by the unprecedented disruption to the financial markets, particularly in September and October. As a result of the consequent delays to exchange of sales contracts the Group is now expected to be loss making for the year ending December 31st 2008.
The Company is being regularly retained to advise lenders and find solutions for those businesses that are facing difficulties in the sectors in which we operate. We expect this advisory work to gather pace in the New Year.
The Group retains healthy cash balances and will enter 2009 with significantly reduced costs in our Professional Business Services Division.
5 December 2008
Enquiries:
David Rugg 020 7227 0707
Robert Zenker
Christie Group plc
Charles Stanley Securities
(Nominated Adviser)
Philip Davies / Jen Boorer 0207 149 6000
Christie (CTG)