Hogg Robinson cautiously optimistic

Related Companies

Related Indices

Related Sectors

News for Spread Betters

PreviousPrevious
NextNext

There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...

Get full details about Marketmaker:Investor Edition here. Advertisement

Date: Monday 21 Jul 2008

LONDON (ShareCast) - Businessman are still travelling according to travel specialist Hogg Robinson despite the tough economic situation, though they may have to go economy rather than business.

"Trading has generally held up well despite the uncertainty created by the prevailing macroeconomic conditions. Demand for our managed travel services was in line with our expectations. On a like-for-like basis, client revenue was up by around 3% from the prior year. This increase is primarily due to trading with our existing managed clients," it said.

"In the first quarter we saw little evidence to suggest that the overall level of business travel is reducing significantly. Certainly, route patterns for business travellers are changing with cheaper alternatives being sought, but so far our clients are still travelling," it added in the update.

Chief executvie David Ratcliffe added he remains cautiously optimistic about prospects for growth in the full year.



Digital Look have been voted
"Best Research and Informataion Provider"

4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).

A good trader doesn’t blame
his tools…especially ours

The Marketmaker:Investor Edition Trading Tool Kit worth

£765.00!*

Open a spread betting account with
Marketmaker:Investor Edition today and receive

(Or click here to continue with your normal research on Digital Look)

Please remember that spread betting is a leveraged product and carries a high level of risk to your capital. It is possible to incur losses that exceed your initial investment. This product may not be suitable for all investors, therefore ensure you fully understand the risks involved and seek independent advice if necessary.
Digial Look is an Appointed Representative of CMC Spreadbet plc.