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Hogg Robinson (LON:HRG) - More good news

Wednesday, Feb 16 2011 by

Feb 16th 2011 - Edison Investment Research today published a report on Hogg Robinson (HRG.L, LSE:HRG, LON:HRG) entitled "More Good News". In summary, the report says:

Today's confirmation of further robust trading shows HRG's bumper interim performance to have been no fluke. Accelerating revenue growth (double-digit since September) is helping to generate better than expected returns (we are raising our PBT forecast by £1m this year and next), which would have been even higher in FY11 but for the planned current investment in growth. The company's financial position continues to improve.




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Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »