Business
Trading Update and Demerger
Trading Update and Demerger.
About this update from Tribal Group Plc
[{"type":"text","content":"\n Tribal Group PLC\n18 October 2006\n\n\nTrading update and demerger of Mercury Health\n\nThe Board of Tribal Group plc the leading UK consultancy, professional support \nservices and healthcare delivery company, issues the following update on \ntrading in advance of its results for the six months to 30 September 2006, due \nto be announced on 28 November.\n\nAs indicated at the time of the AGM statement in July the weighting of trading\ntowards the second half will be more pronounced than in previous years. This\ntrend has continued and consequently first half profits will be somewhat below\nthose anticipated at the time of the AGM.\n\nEducation and technology has performed in line with expectations.\n\nConsulting services has had a slower than expected start to the year, with PFI\ndelays, continuing slowdown in NHS recruitment and higher than expected bid\ncosts. A slow start to the new framework contracts has also affected H1\nprofitability.\n\nProgress at Mercury Health continues to be very encouraging with trading in the\nfirst half stronger than expected.\n\nIn view of the progress made by Mercury Health since its inception, the Board is\ncurrently deliberating how best to maximise the opportunities available to\nMercury Health, through the possibility of a demerger and separate listing.\n\nFor further information, please contact:\n\nTribal Group plc - 01285 886020\n\n- Henry Pitman, Chief Executive\n- Simon Lawton, Group Finance Director\n- Peter Martin, Chief Executive, Mercury Health\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1803,"tagName":"div"}]