INCE.L Regulatory News (INCE)

18 Jul 2007 07:00

Work Group plc18 July 2007 Work Group plc - Trading update 18 July 2007 Following the conclusion of the first half of the current financial year, theboard of Work Group plc, the AIM listed HR consulting services company ("WorkGroup" or the "Company"), is pleased to release the following trading update: The first half saw Work Group continue to make progress across all of itsoperations. Overall results for the period will be in line with the Board'sexpectations and ahead of last year. A very strong performance in Employer Marketing has been particularly pleasing,aided by some significant client wins. Income growth in Executive Research andRPO was a little slower than planned. As previously highlighted, we haverecently increased our investment in the sales and business developmentactivities of the RPO division and expect the returns from this to begin to showthrough in the second half of the year. Commenting, Simon Howard, Executive Chairman said: "Work Group continues to deliver. The first six months have been especially busywith some notable new business wins and the opening of our New York office.Whilst we remain, as ever, selective with acquisitions and reluctant to forecasttiming, we do note a much higher level of potential M & A activity. The Boardremains confident about Work Group's prospects and looks forward to providing afurther trading update at the time of the interim results." The Company's results for the six months ended 30 June 2007 will be announced on25 September 2007. Further enquiries:Work Group Tel: +44 (0)20 7492 0000Simon Howard, Executive ChairmanMichael Warren, Finance DirectorAltium Tel: +44 (0)20 7484 4040Garry LevinTim Richardson About Work Group Work Group offers a range of HR Consulting Services which enable employers towin the war for talent. It focuses on providing services in "talent acquisitionand talent development" which enable employers to more effectively recruit andretain key staff. Work Group's approach is to help employers reduce their traditional reliance onthird-party recruiters such as head-hunters and recruitment firms throughhelping them establish and maintain a direct relationship between employer andprospective employee. It also helps employers reduce attrition costs throughbetter people development and retention of key talent. Work Group currently operates through three divisions; Executive Research,Employer Marketing and Recruitment Process Outsourcing and provides servicesfrom its six locations in the UK and an office in New York. www.workgroup.plc.uk This information is provided by RNS The company news service from the London Stock Exchange