Posted October 21, 2008
Two years after going public, shares in Hogg Robinson Group have been trading for most of this month at their all-time low. The stock price took a particularly hard hit today, closing at £0.21, or 19 percent lower. A spokesman did not hazard a guess at the cause and referred to general market conditions. The London Stock Exchange's FTSE 100 fell 1.24 percent. The company's market capitalization is roughly £64.5 million according to Yahoo Finance, versus about £275 million when
HRG launched the initial public offering.
HRG put on a fireworks display to conclude a party in Rome during the
Association of Corporate Travel Executives conference earlier this month.