Taylor Nelson sees strong second half

By THIS IS MONEY
Updated:

 

ORDER books are ahead at Taylor Nelson Sofres despite the sluggish economy, and the market research group is predicting a stronger second half this year. Chief executive Mike Kirkham said the last six months of the year are traditionally stronger for the group and he expects to repeat that this year 'with, if anything, a stronger emphasis on the second half'.

Underlying growth in the first half is expected to be flat, although overall turnover, boosted by acquisitions, will 'well ahead' of the previous year.

The group, Britain's biggest market researcher and the fourth largest in the world, said it is to close its UK in-store product testing company, which has continued to underperform. It is also in the process of discontinuing its loss-making, non-market information consultancy operation in Britain and France.

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