In an interim management statement released this morning, Chadlington said he expected full-year trading to remain in line with management expectations.
He said: ‘Our new relationship with Blue Focus, one of Asia's largest PR firms which is acquiring a 19.8 per cent stake in Huntsworth, is progressing well and at an operational level our businesses are beginning to work together well.
‘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 said that Citigate is seeing more transactional revenues than in previous months, having advised on the successful IPO of esure and currently advising on the potential IPO of Partnership.
Grayling is continuing with its digital and revenue growth investment plan and has extend the scope of work for some key clients, such as M&S and Hilton, into new areas and markets.
Red is making ‘steady progress’, having won Ford Retail & Air France KLM, while Huntsworth Health ‘continues to perform well’.