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Management Consulting Group expects £23m profit
 
 Management Consulting
Group has issued a
trading update ahead of
the announcement of the
group's 2007 preliminary
results which are
scheduled to be
announced on 10 March
2008. It estimates its
revenue for the year
ended 31 December 2007
to be approximately
£214m (2006: £146.9m).
MCG said its revenue was
adversely affected by
the low US dollar by
more than £5m.
   The profit before		 
 tax, amortisation of
intangibles and
non-recurring items is
estimated to be between
£22.5m and £23m (2006:
£16.1m). This is after
charging the
reorganisation costs of
£2.5m associated with
the 2006 and 2007
acquisitions. Earnings
per share, excluding
amortisation of
intangibles and
non-recurring items, is
expected to be around
5.8 pence (2006: 5.4
pence). 		 
    MCG said that during
2007 it continued to
make progress towards
its strategic objective
of delivering growth and
spreading performance
risk through broadening
its consultancy
offerings. The
acquisitions of CBH
Consulting and Kurt
Salmon Associates were
completed on 5 September
2007 and 14 October 2007
respectively.
   According to the
company, the integration
of both businesses into		 
 the group is on
schedule. In December
2007 it took the
decision to merge Parson
Consulting and CBH
Consulting. The major
impact of this will be
in the US where the
merger will create a
combined financial and
performance management
consultancy and broaden
the combined offering of
Parson Consulting where
trading remained
lacklustre in the second
half of 2007.
   The integration of		 
 Ineum Consulting was
completed on schedule
and to budget and the
business traded strongly
during the year. MCG
said the revenue of
Proudfoot Consulting for
the year was, as
anticipated, down on
last year due to a weak
first half; the second
half was in line with
2007.
  
   		 
 
Auditel Conference raises £2,000 for charity
 
 Auditel, the UK cost and
purchase management
franchise, raised over
£2,000 for The Prostate
Cancer Charity at its
recent Annual National
Conference.
   The money was raised
by a charity raffle and
auction following a
keynote speech and gala
dinner.
   The conference aims
to offer franchisees
networking
opportunities, workshops
and presentations which
will help them grow		 
 their businesses. This
year's event was no
different. It included
an introduction to new
markets in energy and
communications, a
presentation on Carbon
Reduction Commitment by
DEFRA, and an
inspirational
presentation by Mike
Southon, sales guru and
author of The Beermat
Entrepreneur.
   Prizes for the
charity raffle were
donated by supplier
sponsors, and ranged		 
 from a digital camera,
to a mobile phone, to a
day's sailing. Shell LPG
donated the auction lot
of two three-day tickets
in the Luffield
Grandstand for the 2008
British Grand Prix.
   The inspiration
behind the fundraising
was Tim Rix, a popular
and highly esteemed
member of the Auditel
network who died of
prostate cancer last
year. The raffle raised
£1,020, and the winning
bid of £1,000 for the		 
 Grand Prix Tickets
bought the grand total
to £2,020. The
contribution will assist
The Prostate Cancer
Charity to fund research
into prostate cancer. It
will also help to make a
difference to men and
their families affected
by the disease.
   Dougal Hawes,
corporate partnerships
executive at The
Prostate Cancer Charity,
said: "We are extremely
grateful to Auditel for
its generous support.		 
 Each year in the UK,
10,000 men die from
prostate cancer - that's
one man every hour. This
donation is a wonderful
way for Auditel to not
only show its support to
the many thousands of
men who are already
diagnosed with prostate
cancer, but also to help
raise awareness of the
disease."
  
   		 
 
CSC names VP for European outsourcing development
 
 Computer Sciences
Corporation has named
Norman Pitman vice
president of European
outsourcing business
development. Pitman, who
will report to Nick
Wilson, president of
CSC's European Northern
Region operations, joins
CSC from EDS where he
was executive deal
leader for its		 
 operations in Europe,
the Middle East and
Africa and, previously,
sales director for its
UK, Ireland, Middle East
and Africa operations.
   Wilson commented:
"Norman's 20 years'
experience and
outstanding track record
in this industry,
specifically in
commercial and public		 
 sector outsourcing, will
be key as we continue to
expand our European
outsourcing business. As
we look to the future,
and begin offering the
next generation of
outsourcing services to
our clients, Norman's
expertise will be
integral to this
continuing evolution."
   Pitman spent 10 years		 
 at EDS working in senior
sales management
positions. Prior to
this, he worked for Sema
as regional director in
its financial services'
business. During his
career he also held
account management,
sales and consultancy
roles at Data Sciences
and Coopers & Lybrand.
During his career he		 
 achieved top performer
awards on eight
occasions. He has a
degree in economics from
the University of Wales
and a master's from the
University of Reading.
  
   		 
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