Management Consulting (LON:MMC) - Mixed trading
Aug 06th 2012 - Edison Investment Research today published a report on Management Consulting (MMC.L, LSE:MMC, LON:MMC) entitled "Mixed Trading". In summary, the report says:
As indicated in June’s trading update, the picture for the first half was one of mixed trading, with good performance in North America and emerging markets offset by weakness in the eurozone. With no assumptions for short-term recovery in Europe, further reductions to the cost base are being made. Elsewhere, order books and pipeline are described as healthy. Net debt was at the bottom of the expected range ahead of the normally more cash-generative H2 and the dividend has been increased by 15%. The discounted rating reflects the uncertain market backdrop.
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