We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksFrenkel Topping Share News (FEN)

Share Price Information for Frenkel Topping (FEN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 53.50
Bid: 53.00
Ask: 54.00
Change: 0.00 (0.00%)
Spread: 1.00 (1.887%)
Open: 53.50
High: 53.50
Low: 53.50
Prev. Close: 53.50
FEN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Frenkel Topping Interim Profit Slides On Trainee Consultant Investment

Wed, 05th Sep 2018 11:36

LONDON (Alliance News) - Frenkel Topping Group PLC said Wednesday its interim profit dropped due to investment in trainee consultants and marketing costs.

For the six months to June 30, the financial advisor and asset manager posted pretax profit of GBP282,000, down year-on-year from GBP1.0 million. Meanwhile, revenue was flat at GBP3.6 million.

Administrative expenses, including reorganisation costs, increased to GBP1.8 million from GBP1.6 million a year prior.

In the six-month period, the company had GBP759 million of assets under management compared with GBP753 million a year prior.

The company increased its interim dividend to 0.32 pence per share from 0.30p a year ago, "reflecting the board's confidence in the company's growth trajectory".

Current trading is in line with expectations, Frenkel Topping said, with the board confident in its growth prospects.

Non-Executive Chairman Paul Richardson said: "The board is confident that, following a significant period of investment in the company's systems and personnel, the company will return to growth in the coming quarters.

"We remain focused on reaching assets under management of GBP1 billion and expect that a combination of organic growth and focused acquisition strategy will accelerate the growth of the business and strengthen the existing platform."

Shares in the company were trading up 2.4% at 31.75p each.

More News
20 Oct 2020 18:13

IN BRIEF: NAHL Says Merger Talks With Frenkel Topping Ongoing

IN BRIEF: NAHL Says Merger Talks With Frenkel Topping Ongoing

Read more
23 Sep 2020 14:31

NAHL Stock Surges As Frenkel Topping Makes Takeover Proposal

NAHL Stock Surges As Frenkel Topping Makes Takeover Proposal

Read more
22 Sep 2020 14:12

UK EARNINGS SUMMARY: IGas Swings Sharply To Loss As Revenue Halves

UK EARNINGS SUMMARY: IGas Swings Sharply To Loss As Revenue Halves

Read more
15 Sep 2020 15:53

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
23 Jul 2020 21:11

IN BRIEF: Frenkel Topping Raises GBP13 Million In Placing

IN BRIEF: Frenkel Topping Raises GBP13 Million In Placing

Read more
22 Jul 2020 19:09

IN BRIEF: Frenkel Reports Interim Improvement And Plots Placing

IN BRIEF: Frenkel Reports Interim Improvement And Plots Placing

Read more
18 Jun 2020 15:55

UK EXECUTIVE CHANGE SUMMARY: Ex-Panmure Chief To Chair Frenkel Topping

UK EXECUTIVE CHANGE SUMMARY: Ex-Panmure Chief To Chair Frenkel Topping

Read more
15 Jun 2020 13:23

IN BRIEF: Frenkel Topping To Provide IFA Services To Aspire

IN BRIEF: Frenkel Topping To Provide IFA Services To Aspire

Read more
15 Jun 2020 08:15

Frenkel Topping launches joint venture with Aspire charity

(Sharecast News) - Specialist independent financial advisor Frenkel Topping has established a joint venture with Aspire - a national charity that provides practical help to people who have been paralysed by spinal cord injury - it announced on Monday.

Read more
8 Jun 2020 14:41

UK TRADING UPDATE SUMMARY: BlueRock Nets USD700,000 From Diamond Sales

UK TRADING UPDATE SUMMARY: BlueRock Nets USD700,000 From Diamond Sales

Read more
3 Jun 2020 11:52

UK TRADING UPDATE SUMMARY: Integumen Kicks Off Covid-19 Skin Trials

UK TRADING UPDATE SUMMARY: Integumen Kicks Off Covid-19 Skin Trials

Read more
3 Jun 2020 08:22

Frenkel Topping delivers 'robust performance' in 2019

(Sharecast News) - Wealth manager Frenkel Topping said on Wednesday that it had delivered "a robust performance" in 2019, underpinned by the continued implementation of its strategy.

Read more
27 May 2020 16:38

UK DIRECTOR DEALINGS SUMMARY: Croda CEO Sells GBP1.4 Million In Shares

UK DIRECTOR DEALINGS SUMMARY: Croda CEO Sells GBP1.4 Million In Shares

Read more
27 May 2020 16:13

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
21 Apr 2020 12:25

Frenkel Topping Assets Rise Over 2019, Ups Annual Dividend

Frenkel Topping Assets Rise Over 2019, Ups Annual Dividend

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.