UK's Christie group falls on lower FY forecast

Christie

07/08/2023 08:11

** Shares of leisure services provider Christie Group
 C3U.L  down 24% at 112.5p
    ** If losses hold, stock set to post biggest one-session
loss since Dec. 5, 2008
    ** Co sees FY performance materially below previous
expectations; expects H1 operating loss
    ** Adds delays in achieving contractual exchange on ongoing
transactions in its agency and advisory business, Christie & Co
    ** Sees deal delays to last at least until end of summer
    ** Says slowdown in transactions during H1 reflects lower
activity levels and sentiment in wider market
    ** As of last close, stock up 25.5% YTD


    
   

 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))