IN BRIEF: Christie backs outlook but fee income growth subdued
Christie Group PLC - London-based provider of professional services for customers in the hospitality, leisure, healthcare, medical, childcare, education and retail sectors - provides trading update for year to end of May. Says it continues to benefit from encouraging levels of demand for its services, as lender and investor appetite into its chosen sectors has remained robust despite ongoing geopolitical uncertainty and the increased tax burden on employers in those same sectors. Full year trading expectations are unchanged. Agency activity in the UK has been strong in the period, with income from business brokerage up by 29% on the same period in the prior year. But fee income growth from finance brokerage activities has been more subdued than original expectations. Hospitality stock audit, compliance and consultancy business, Venners, is trading marginally ahead of 2024 revenue levels, Christie says. SaaS provider to the UK visitor attraction sector, Vennersys, continues to grow.
Current stock price: 135.00 pence, down 10% in London on Thursday
12-month change: up 10%
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