Trading Update
November 20 2009 - 5:31AM
UK Regulatory
TIDMIQH
RNS Number : 8460C
IQ Holdings plc
20 November 2009
20 November 2009
IQ HOLDINGS PLC
("IQ Holdings" or "the Group")
Trading Update
The Board of IQ Holdings, the specialist business research company, is today
issuing an update on current trading.
Since the announcement of the interim results on 30 June 2009, trading
conditions have continued to be difficult and some large contracts have been
postponed by customers. Consequently the Group's results for the year to 30
September 2009 will be significantly below market expectation.
The Board has commenced a strategic review of its operations, which may result
in a sale of the Group's subsidiaries. However, discussions are at a preliminary
stage and there can be no certainty that any such transaction will be concluded.
=--ENDS---
Enquiries:
+--------------------------------+--------------------------------------------+
| IQ Holdings plc | |
+--------------------------------+--------------------------------------------+
| Julian Green | Tel: +44 (0)20 8099 0560 |
| Website: www.iqholdings.co.uk | |
+--------------------------------+--------------------------------------------+
+--------------------------------+--------------------------------------------+
| Nominated Adviser: | |
| Grant Thornton UK LLP | |
+--------------------------------+--------------------------------------------+
| Fiona Kindness / Gerry Beaney | Tel: +44 (0) 20 7383 5100 |
| | |
+--------------------------------+--------------------------------------------+
+-----------+-----------+
| Broker: | |
| Rivington | |
| Street | |
| Corporate | |
| Finance | |
| Limited | |
+-----------+-----------+
| Monisha | Tel: +44 |
| Varadan | (0)20 |
| | 7562 3389 |
+-----------+-----------+
+-------------------------------------------+-------------------------------------------+
| Financial PR: | |
| Bishopsgate Communications | |
+-------------------------------------------+-------------------------------------------+
| Robyn Samuelson | Tel: +44 (0)20 7562 3350 |
| Gemma O'Hara | |
| Email: | |
| iqholdings@bishopsgatecommunications.com | |
| | |
+-------------------------------------------+-------------------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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