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Share Price Information for Mortgage Advice Bureau (MAB1)

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Share Price: 890.00
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Mortgage Advice Bureau Confident Of Delivering Growth In 2015

Wed, 20th May 2015 08:15

LONDON (Alliance News) - Mortgage Advice Bureau (Holdings) PLC Wednesday said it is confident of delivering further growth in 2015 and current trading is in line with its own expectations, as it continued to ramp up its adviser numbers and said it was encouraged by the result of the UK General Election.

"We are encouraged by the recent general election result and the implications for the housing market within the UK economy," Non-Executive Chairman Katherine Innes Ker said in a statement to be delivered to shareholders at the company's Annual General Meeting later.

"The board remains confident of delivering further growth in 2015. Current trading is in line with the board's expectations. We remain focussed on building MAB's position as both a leading UK consumer intermediary brand and a specialist Appointed Representative Network," she added.

The Chairman said adviser numbers have continued to grow since it released its full-year results in March and stood at 702 adviser as of May 15.

Mortgage Advice Bureau shares were up 2.0% at 223.90 pence Wednesday morning.

By Steve McGrath; stevemcgrath@alliancenews.com; @stevemcgrath1

Copyright 2015 Alliance News Limited. All Rights Reserved.

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