Creston has had a positive start to the year, trading broadly in line with expectations and maintaining its strong balance sheet, which underpins its progressive dividend policy, shareholders at today's annual general meeting will be told. An update says: "The recent EU referendum continues to cause some variability and uncertainty in budgets amongst the Group's UK clients, which adds to the challenges some were already facing as they experience their own transformations within their industries. "The subsequent movements in existing clients' marketing budgets have largely offset the benefit of new business gains and for the period to 31 July 2016 there has been marginal growth in reported Group revenues. "Group Headline PBT is well ahead of the comparative period reflecting the benefit from the ongoing implementation of operational efficiencies commenced in the prior year and some benefit from the weakening in UK sterling. "The Company is also making good progress in its search for a new Chairman and will update the market soon."
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