Hogg Robinson given rough ride.
Investors Chronicle - magazine and web content, June, 2007
Hogg Robinson's financial results were good, but obviously not good enough - as the shares were sent tumbling. Kirsty Green
"We've ticked most of the boxes" said chief executive David Radclife as corporate travel arranger Hogg Robinson reported its first full year numbers since its October float. The results were in line with house broker Credit Suisse's forecasts, but it looked as if some people were expecting more as the shares were marked down 9 per cent, to an all-time low.
Last year's results were boosted by the football World Cup, which contributed GBP3m to profits, helping group operating profit rise from GBP40.4m to GBP44.1m, with the operating margin increasing from 13.6 per cent to 14.2 per cent. But that will make for tough comparisons this...
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