Wednesday, June 4, 2008
Certain stuff rolls down hills…….
Hogg Robinson, which specialises in corporate travel, warned today that market conditions remain tough as banks and other financial services firms cut back on travel spending. Annual profits at the world's fourth-largest corporate travel group were in line with City forecasts. Earnings before interest, tax and amortisation for the year to March 31 amounted to £40.3m, down from £44.1m the previous year which saw a one-off boost of £3.4m from the 2006 World Cup. The firm expects to deliver growth this year.