Hogg Robinson Group corporate client bookings for the year to March 31 fell 5 percent versus the prior-year period

and client spending dropped 8 percent (6 percent at constant currency), according to the company. HRG's revenue declined 8.3 percent to £343.2 million (US$521.3 million). However, the underlying pre-tax profit climbed marginally to £38.3 million (US$58.2 million). The improvement resulted from reduced staff and other operating costs, and a 7 percent contribution to operating profits from technology service sales.