Wednesday, June 4, 2008

Certain stuff rolls down hills…….

Spending cuts hit corporate travel sector

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.

Posted by lvmreader @ 05:35 PM (458 views)
Please complete the required fields.

One thought on “Certain stuff rolls down hills…….

  • What this has got to do with house prices

    If corporates are cutting back on travel, you can be sure that Joe Schmo will have to soon as well. Maybe in about 3 – 6 months he will be finding it hard enough to stay housed, fed, and heated. This is therefore a barometer of sentiment as a leading indicator.

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>