24 January 2017 – trading update
The company has revealed that full year profitability will be slightly ahead of market expectations. Adjusted profit before tax growth is expected to be approximately 23% year on year, representing a record profit level for the Group. Net fee income is approximately 20% ahead of the prior year and diluted adjusted earnings per share is expected to be up 12%. The shares have had a strong run but are still not expensive. Continue to BUY.