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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
EQ Grp | LSE:EQI | London | Ordinary Share | GB0004740030 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 70.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9438D EQ Group PLC 02 June 2006 eq group plc (the "Company") Trading Statement eq group plc is providing the following update on trading for the year to 31 December 2006. In the AGM statement issued by the Company on 24 April 2006 we stated that a number of key clients had changed the timing of their activities relative to previous years. It is now clear that these delays will have a significant impact on our performance in the first half of the year and consequently we expect our results for the full year to be significantly below market expectations. The clients concerned have been undertaking major organisational change in the past three months which has led to a considerable reduction in project activity that is only now starting to reverse. We enjoy a very good relationship with these organisations and expect to work closely with them in the second half of the year. In view of our performance in the first five months of the year we have removed cost from the business but retained our project delivery capability in anticipation of a return to activity levels in line with the second half of 2005. We have also maintained our programme of investment in technology and expect to see improved efficiencies in 2007. We will provide an update on progress when we announce our Interim Results in September. For further information, please contact: Bob Bond, Chief Executive, eg group plc - 01422 301 917 This information is provided by RNS The company news service from the London Stock Exchange END TSTEAXKFEAPKEFE
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