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It’s been less than two months since RM released its last trading update (see RM must pick school funding winners), so there’s very little news to report from the latest installment today. As already announced revenue for the first half will decline but RM remains keen to point out that, due to the seasonality of the business, H1 performance is not a reliable indicator of the performance for the full year. Nonetheless, RM is taking decisive action to reduce its cost base by £5 million at a cost of c£1.7 million – recognition, it seems, that things will remain tough for some time to come.
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RM takes action on cost base
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