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Alliance News

NAHL First Half Trading In Line With Anticipated Lower Case Volumes

Wed, 20th Jul 2016 08:23

LONDON (Alliance News) - NAHL Group PLC said on Wednesday trading in its first half ended June 30 was in line with market expectations, with the company's divisions continuing to perform well.

National Accident Helpline, the company's personal injury unit, performed in line with NAHL's expectations in the half. Lower overall case volumes, following "current regulatory uncertainty", was in line with the reductions anticipated by the company.

Fitzalan Partners, the company's property conveyancing unit, showed "good growth" in the first six months of the year. The consumer legal services company said the UK residential property market saw "reduced volumes" in the short period following the outcome of the European Union referendum in June, but the company remained confident this will not have a "material impact" on its outlook.

Bush & Company Rehabilitation, the company's critical care unit acquired in October 2015, traded ahead of the company's expectations for the year to date.

"Trading in the first half of the year has been in line with expectations. Our focus on building a broader, more diversified and resilient business has positioned the Group well as we continue to deliver on our strategy of being the UK's leading marketing and services provider in our chosen legal markets," said Russell Atkinson, NAHL chief executive.

NAHL will announce its results for its first half on September 21.

Shares in NAHL were up 3.9% at 218.00 pence Wednesday morning.

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2016 Alliance News Limited. All Rights Reserved.

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