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CART Carter&Cart

82.50
0.00 (0.00%)
16 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Carter&Cart LSE:CART London Ordinary Share GB00B05K7697 ORD 4P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 82.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Management Update

11/05/2007 8:01am

UK Regulatory


RNS Number:4259W
Carter & Carter Group PLC
11 May 2007


For Immediate Release                                                11 May 2007


                           Carter & Carter Group PLC


                     Management, Strategy & Trading Update


After a Board meeting held yesterday, Rodney Westhead, Chairman and Interim CEO
gives the following update to shareholders concerning management, strategy and
trading.

"Following the tragic death of Phil Carter last week we are very aware of the
need to unite as a team and continue to move the business forward. I have been
immensely impressed by the resolve of all the staff at Carter & Carter to do
just that.

As regards succession, we will not be making a hasty decision. I have very
capable support from the senior management team of Peter Marples, Business
Development Director, John Green, Finance Director and Nigel Kirkham, Chief
Operating Officer, and it is clearly important that we go through the proper
process to ensure we appoint the right individual to the job. We will be looking
internally and externally for a CEO and have appointed headhunters to assist us
in our search.

As regards strategy, the company will continue to pursue the large and exciting
market opportunities as outlined at our Interim results in April and we are
pleased with progress to date. Our focus remains on increasing our exposure to
welfare to work, train to gain, and broadening and consolidating our sector
expertise. In addition, I can report that discussions continue to move ahead
with several colleges and we expect to announce our first college partnership in
the near future.

Finally, as reported at the Interims, we expect our results for the year ending
31 July 2007 to be in line with expectations.


                                      ENDS

For further information

Rodney Westhead                                       0115 945 7226
Carter & Carter Group PLC

Mark Edwards, Suzanne Brocks                          020 7466 5000
Buchanan Communications




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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