Morson Group Plc. (MRN.L) said that the results for the year ended 31 December 2009 are anticipated to be within analyst forecasts albeit at the bottom end of expectations and below consensus market forecasts.
Effective cash management and lower working capital requirements have had a positive impact on Morson's net debt which at the year end stood at £11 million which was significantly better than Directors previous estimates.
Whilst Morson is able to generate a core stable level of trading from its key clients and framework agreements the Board anticipates that profits in 2010 will be below those achieved in 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.