Christie Group plc has provided a trading update, stating that invoicing levels have significantly improved since the end of the summer period. As a result, the company expects to report an improved second-half performance compared to the first half of the year. However, it is now anticipated that several transactions that were expected to be completed by the end of this year will be delayed until early 2024. Buyers and vendors have indicated their intention to delay these transactions to avoid operational disruption during the pre-Christmas period. The company expects these deals to be completed early in the new year.

The market uncertainty caused by these transactional delays and shifting deal timings means that the full-year result, before exceptional costs, is likely to be below current market expectations. However, the company notes that transaction pipelines and activity have improved significantly compared to the same period last year and are expected to continue into the start of 2024.

Christie Group plc is a professional business services group operating in the hospitality, leisure, healthcare, medical, childcare & education, and retail sectors. The company operates in two divisions: Professional & Financial Services (PFS) and Stock & Inventory Systems & Services (SISS). The PFS division includes brands such as Christie & Co, Pinders, Christie Finance, and Christie Insurance, while the SISS division includes Orridge, Venners, and Vennersys.

The company has a long-established reputation for offering services in agency, valuation, investment, consultancy, project management, trading systems, online ticketing, stock audit, and inventory management. The diversity of these services provides a natural balance to the company's core agency business.