Christie shares rise on stronger full-year outlook
Christie Group PLC on Tuesday said it expects to report a stronger full-year performance from its continuing operations than previously anticipated.
Shares in Christie rose 11% to 133.50 pence on Tuesday afternoon in London.
The professional services provider said ‘encouraging’ activity levels within its Professional & Financial Services segment were maintained in the second half.
Its agency and advisory business Christie & Co will have again advised on the sale or purchase of over 1,000 businesses in the UK, but at ‘markedly improved’ average fee levels compared to 2024, the company said in the trading update.
Last year, the group reported it has sold 1,187 businesses, with a total value of businesses sold of £1.35 billion.
Christie said its international brokerage operations will also deliver ‘strong’ year-on-year revenue growth. The Professional & Financial Services division had a revenue of £48.8 million last year.
The company said valuation activity has been ‘strong’ in Christie & Co and Pinders. It added that it expects its finance brokerage brand, Christie Finance, to deliver ‘continued growth’ in revenue and profit.
Renewals performance in its insurance intermediary business, Christie Insurance, is also anticipated to be ‘stronger than original expectations’.
The group’s cash position is expected to be improved from last year’s figure, which was £4.9 million.
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