Capt. Radcliffe Navigates 'Steady' HRG Through Choppy Waters

A notable boating enthusiast, David Radcliffe chose a nautical metaphor on Wednesday to analyze the financial performance of Hogg Robinson Group, the ship he captains as CEO. With underlying operating profit for the six months to Sept. 30 unchanged at £22.7 million (US$36.6 million) from the same period in 2012, and revenue down slightly versus a year earlier—and also lower than the two previous comparable periods—to £168.4 million (US$271.7 million), one might be tempted to portray HRG as becalmed.