31 March 2017 – trading update
The group has issued a mixed trading statement for the six months to 31 March, with the institutional broking business doing well helped by the rise in the market. A lack of new issues has affected the corporate side of the business though with the overall effect being that total income will be slightly lower than the than the comparative period last year. A number of corporate transactions are due to complete in April though which should help underpin the results for the full year. The shares remain a BUY.