Maiden Group Met Trading Expectations Last Year, Having Encouraging Start to 2001

Maiden Group has released a trading update prior to the closed period it will enter ahead of preliminary results on 28 March. The board has stated its belief that Maiden has traded “within the range of expectations” for the year ended 31 December 2000, despite a slow end to the year in comparison to the strong first three quarters.

Maiden reports “buoyant” forward bookings for the first quarter of 2001, with business booked 110% ahead year on year, including the January total which is so far 37% ahead year on year. The group is said to be confident about prospects for 2001, and reiterates its target from last year, which is to produce double digit annual revenue growth from a controlled cost base for the medium term.

A technical issue led to Maiden being removed from the All Share Index last year. Subsequent investigations have revealed that it did meet the inclusion criteria after all. The FTSE committee will next consider Maiden’s re-admission to the index in mid-March.

Maiden Group: 020 7838 4000

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