Procurement
Hogg Robinson Group reported client transactions for the four months ending Jan. 31 rose 6 percent year over year.
Client spending was unchanged, but up 4 percent on a constant currency basis, the U.K.-based travel management company disclosed in an interim management statement. "Overall, the group's trading environment has remained broadly similar in the second half of the financial year to date to that seen in the first half," according to HRG, "with conditions for our markets in North America and the U.K. positive overall, while markets in Continental Europe and in Asia remain generally weak." For the four months ending Jan. 31, HRG posted a 2 percent year-over-year decline in revenue (up 2 percent on a constant currency basis). For the remainder of its fiscal year ending March 31, CEO David Radcliffe expected "market conditions to remain similar for the remainder of the year and anticipate a full-year performance in line with market expectations."