Business
Result of AGM & AGM Statement
Result of AGM & AGM Statement.
About this update from Christie Group Plc
[{"type":"text","content":"\n RNS Number : 6653N Christie Group PLC 16 June 2010 \n \n\n \n \n \n16 June 2010\n \n \nChristie Group plc\n \nResults of Annual General Meeting (\"AGM\") and AGM Statement\n \n \nChristie Group plc ('Christie' or the 'Group'), the leading provider of professional business services and stock & inventory systems & services to the leisure, retail and care markets, announces that at its 2010 AGM, which was held at 10.00 a.m. today, all resolutions put to shareholders were duly passed.\n \nAt today's AGM, Philip Gwyn, Chairman of Christie Group, gave the following trading update:\n \n''I am pleased to say that Christie Group has returned to profit. The year so far, has seen transaction volumes in our professional business services division building steadily from the low point experienced twelve months ago, matched by a healthy increase in the number of businesses coming to the market. \nThe residential property market remains an important source of seed equity for first time business buyers. The renewed availability of mortgage funds albeit on more restricted criteria is therefore an encouraging barometer for the business property sector. Demand for our valuation and consultancy services continues itself a sign of renewed wider market activity.\n\nOur stock and inventory services businesses have continued to demonstrate a resilience to the wider economic climate. Although not immune to reduced activity in the market, the UK retail sector remains a strong source of income, and the reorganization we have undertaken in Europe leaves us with a basis to deliver improved results from the continent in the second half of the year.\n \nIt remains relatively early in the life of the new government to make assertions about the impact that its planned spending cuts may have on the economy in general, but there is little at this stage to suggest that the spending plans outlined to date will be to the detriment of demand for our sectors. \n \nOur overall expectations for the year remain unchanged. We are in no doubt that the difficult decisions taken early on in the downturn have been key in giving us the foundation from which we believe we can take advantage of the fuller and more sustained recovery to come.\"\n \n\n\nEnquiries:\n \nDavid Rugg ...