CPC City Pub Group Plc (the)

RNS Number:9670K
Capcon Holdings PLC
13 April 2005



                              Capcon Holdings plc
                                ("the Company")

                                 Trading update

The directors of the Company have reviewed the current trading of the business
in advance of the release of the interim results for the six months to 31 March
2005.

The performance of the Investigations business has continued to be volatile and
have an unpredictable effect on the profit of the Company as a whole, due to the
difficulty in forecasting the completion of high value projects in the short
term. The division enjoyed a good first quarter trading, however the number of
projects that have completed during the second three months to the end of March
2005 has been less than that anticipated by the Company.

Furthermore, the re-structuring of Capcon Vincent Sherman, the specialist
insurance investigator, and the establishment of a new specialist investigations
business have resulted in additional costs being incurred in order to position
the business for future growth. This investment is expected by the Directors to
reap significant returns on the costs incurred.

As a consequence of the above events, the directors of the Company believe that,
despite trading in Audit & Stocktaking and Capcon Argen achieving close to
budget, the financial performance of the group for the six months to 31 March
2005, and subsequently the year as a whole, will now be significantly below the
Company's expectations.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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