- Shares in IT consultancy company Triad Group plc were down after it said trading into the second half of the financial year had remained challenging.

In a brief interim management statement covering the period from October 1, Triad said this was due to continuing uncertainty in macro-economic conditions and the resulting impact on customer spending.

Cash management continued to be the board's top priority.

Further significant cost reduction measures had recently been implemented to align the cost base of each of the group's operating segments with anticipated levels of business and to create a stable platform for the next financial year.

The shares opened down 2p, around 10.5%, at 17p.

Story provided by