Citigate blames City for low sales

Revenues at financial PR firm Citigate have fallen 17 per cent year-on-year, parent company Huntsworth announced yesterday, blaming a downturn in the City. Huntsworth, which also owns PR firms Red and Grayling, said total revenue fell 3.6 per cent. “[Citigate] was held back in London by the continuing lack of activity in the UK financial markets,” the firm said.