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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.