Christie Group climbs after strong demand for its professional services
Christie Group PLC (LON:CGT) is seeing strong demand for its professional services despite lockdown. The company - which focuses on a range of sectors including hospitality, leisure and medical - has seen its shares jump 9.11% or 10.38p to 124.38p after it told its annual meeting that it was trading in line with market expectations and expected a strong second half. It was involved in the sale of 164 hospitality businesses by the end of May, it said, while its appraisal business Pinders had seen an upturn in the number of valuations commissioned by "asset-rich businesses raising additional loans to tide them over for short term cash flow requirements." Chairman and chief executive David Rugg told shareholders: "Most of the businesses upon which our services are focused are property based. Historically, these have provided a hedge against inflation. Each of our services and all of our sectors are in demand. "We expect further progress once our remaining hospitality markets fully re-open for business both here and in mainland Europe.
Christie Group climbs after strong demand for its professional services
Christie Group PLC (LON:CGT) is seeing strong demand for its professional services despite lockdown. The company - which focuses on a range of sectors including hospitality, leisure and medical - has seen its shares jump 9.11% or 10.38p to 124.38p after it told its annual meeting that it was trading in line with market expectations and expected a strong second half. It was involved in the sale of 164 hospitality businesses by the end of May, it said, while its appraisal business Pinders had seen an upturn in the number of valuations commissioned by "asset-rich businesses raising additional loans to tide them over for short term cash flow requirements." Chairman and chief executive David Rugg told shareholders: "Most of the businesses upon which our services are focused are property based. Historically, these have provided a hedge against inflation. Each of our services and all of our sectors are in demand. "We expect further progress once our remaining hospitality markets fully re-open for business both here and in mainland Europe.