Chadlington: trading still tough in UK, Europe

LONDON: Huntsworth CEO Peter Chadlington said his company has had a good start to 2013 despite the "difficult" trading environment in the UK and Europe.

LONDON: Huntsworth CEO Peter Chadlington said his company has had a good start to 2013 despite the “difficult” trading environment in the UK and Europe.

In an interim management statement released Friday morning, Chadlington said he expected full-year trading to remain in-line with management expectations.

“Our new relationship with Blue Focus, one of Asia's largest PR firms, which is acquiring a 19.8% stake in Huntsworth, is progressing well, and at an operational level, our businesses are beginning to work together well,” he said. “This, together with our revenue-growth investment plan and further good progress in our digital businesses gives us confidence in the further development of the group.”

The statement added that Citigate is seeing more transactional revenues than in previous months, having advised on the successful IPO of Esure and working on the potential IPO of Partnership.

Grayling is continuing with its digital and revenue-growth investment plan and has extended the scope of work for key clients, such as M&S and Hilton, into new areas and markets.

Red is making “steady progresses,” having won Ford Retail and Air France KLM, while Huntsworth Health “continues to perform well.”

This story originally appeared on the website of PRWeek UK, the sister publication of PRWeek at Haymarket Media.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Would you like to post a comment?

Please Sign in or register.