HOGG ROBINSON GROUP (HRG) is confident it is "well positioned" for market recovery when it comes, driven by existing clients rather than a need for new clients. Although revenue fell by around nine per cent during the first half of the 2009/2010 financial year, the underlying operating profit of £7.5 million remained much the same.
"It proves the resilience of our business model, despite the worst trading conditions since the 1920s," said HRG chief executive David Radcliffe.