- Professional services company Management Consulting Group booked an annual loss as sales slipped.

Pre-tax losses for the year through December amounted to £6.9m, narrowing from losses of £25.3m on-year as the company cut its cost base.

Revenue fell 13% to £28.3m, though revenue in the second half rose 14% on-year.

'Whilst revenues for 2018 were lower, the second-half showed an increase of 14% compared to the same period in 2017 and there are early indications for a continuation of this trend,' chief executive Nick Stagg said.

'With Proudfoot now working with a number of Fortune 500 companies the board remains confident Proudfoot will continue to deliver sustainable change to our clients and that this will create value for our shareholders"

At 8:13am: [LON:MMC] Management Consulting Group PLC share price was +0.16p at 2.09p

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