Hogg Robinson Group reported a 5 percent increase in client revenue during the fours months ended 31 January 2009

, versus the prior-year period. Excluding the impact of currency exchanges, however, client revenue showed a 6 percent decline. The company also said it reduced costs related to "administrative and support functions," and is "accelerating plans to reduce costs in other parts of our operations to reflect our cautious outlook for trading during 2009."