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Christie Group

  • BY: Andrew Hore |
  • POSTED: 07/12/2008 |

Christie Group says a lack of business sales during the autumn has pushed it into loss.

Shares in Christie slumped 11.5p to 28.5p each after the trading statement. That values the pub and hotel valuations and stocktaking business at £7.2m.

Christie expected to earn revenues from advisory business related to business sales but these disposals have been delayed. Christie is providing advice for businesses in financial difficulties and their lenders and it expects this to generate more and more work.

There is still cash in the bank and costs have been cut.

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