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Pin to quick picksMattioli Woods Share News (MTW)

Share Price Information for Mattioli Woods (MTW)

London Stock Exchange
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Share Price: 794.00
Bid: 792.00
Ask: 796.00
Change: 0.00 (0.00%)
Spread: 4.00 (0.505%)
Open: 794.00
High: 794.00
Low: 792.00
Prev. Close: 792.00
MTW Live PriceLast checked at -

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Mattioli Woods Hikes Dividend Amid Improved Performance In First Half

Tue, 04th Feb 2020 12:08

(Alliance News) - Mattioli Woods PLC on Tuesday said its earnings rose in the first half of its current financial year and it is "well positioned" to grow further in the reminder of its financial year.

The wealth management company reported pretax profit growth of 7.1% in the six months to the end of November 2019 to GBP6.0 million from GBP5.6 million a year prior, as revenue grew by 3.8% to GBP30.3 million from GBP29.2 million.

Mattioli Woods noted its revenue mix remains primarily fee based. On an organic basis, the company noted that its revenue improved by 1.8%, primarily driven by increases in discretionary portfolio management, direct small self-administered schemes and self-invested personal pension and property management fees.

"This organic growth was supplemented by a full six-month contribution from the Broughtons and SSAS Solutions businesses acquired in the prior financial year, which are performing and integrating well," said Chief Executive Ian Mattioli.

The AIM-listed company declared an interim payout of 7.3 pence a share, up 15% from 6.33p paid the year before.

Looking ahead, CEO Mattioli added: "We plan to build on the progress achieved in the first half of this financial year, advancing our strategic initiatives, such as the development of new products and services and our own IT solutions where possible. Our profit outlook for the year remains in line with management's expectations and we believe the group is well-positioned to grow, both organically and by acquisition, to continue delivering sustainable shareholder returns."

The stock was trading 1.2% higher in London on Tuesday at 850.00p a share.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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15 Mar 2024 13:41

IN BRIEF: Amati AIM VCT launches strategic review amid "challenges"

Amati AIM VCT PLC - invests in AIM-quoted growth companies - On Thursday, launches review of "strategic options" due to "ongoing challenges in the AIM market and the resultant performance issues faced by the company". The review will consider whether the venture capital trust should expand its investment strategy to allow investment in a wider range of securities. The review also will consider the implications of the likely takeover of a major shareholder in its investment manager. Amati Global Investors Ltd, the manager, is 49% owned by Mattioli Woods PLC, which last week agreed to a takeover offer from funds managed by Pollen Street Capital Ltd.

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15 Mar 2024 13:11

UK dividends calendar - next 7 days

Monday 18 March 
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BP Marsh & Partners PLC 
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Nichols PLCex-dividend payment date
NWF Group PLCex-dividend payment date
Palace Capital PLCex-dividend payment date
Pearson PLCex-dividend payment date
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Triple Point Energy Transition PLCex-dividend payment date
Tristel PLCex-dividend payment date
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Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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8 Mar 2024 16:56

LONDON MARKET CLOSE: Europe mixed but US stocks up after nonfarms

(Alliance News) - Stocks in London closed mixed on Friday, though trade was more confident in New York, on the back of a favourable US jobs report.

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8 Mar 2024 15:02

London close: Stocks mixed as US payrolls paint varied picture

(Sharecast News) - London markets ended the trading session on a mixed note on Friday, as investors digested a faster-than-expected rise in non-farm payrolls in the US.

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8 Mar 2024 11:49

LONDON MARKET MIDDAY: Stocks mostly down ahead of US nonfarms

(Alliance News) - Stock prices in London were mostly in the red at midday Friday, as investors nervously look ahead to a key US unemployment reading this afternoon.

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8 Mar 2024 10:04

AIM WINNERS & LOSERS: Mattioli accepts GBP432 million takeover

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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8 Mar 2024 08:56

LONDON MARKET OPEN: Mondi and DS Smith agree takeover

(Alliance News) - Stock prices in London opened mostly lower on Friday, as investors nervously wait for the latest US jobs data.

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8 Mar 2024 08:41

TOP NEWS: Mattioli Woods soars after accepting Pollen Street bid

(Alliance News) - Mattioli Woods PLC on Friday accepted an offer from Pollen Street Capital Ltd valuing the business at GBP432 million.

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8 Mar 2024 08:07

Mattioli Woods to be taken private by Pollen Street Capital in £432m deal

(Sharecast News) - Wealth manager Mattioli Woods said on Friday that it has agreed to be bought by private equity firm Pollen Street Capital in a £432m deal.

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8 Mar 2024 07:42

LONDON BRIEFING: Mattioli accepts takeover offer from Pollen Street

(Alliance News) - Stocks in London are called to tread water on Friday, after a busy week of economic data and interest rate decisions.

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8 Feb 2024 16:06

UK dividends calendar - next 7 days

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Origin Enterprises PLCdividend payment date
Sage Group PLCdividend payment date
Schroder AsiaPacific Fund PLCdividend payment date
Tracsis PLCdividend payment date
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Blackrock Frontiers Investment Trust PLCdividend payment date
Ecora Resources PLCdividend payment date
Grainger PLCdividend payment date
Oxford Metrics PLCdividend payment date
Supermarket Income REIT PLCdividend payment date
Unicorn AIM VCT PLCdividend payment date
Unicorn AIM VCT PLCspecial dividend payment date
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Berenberg stays at 'buy' on Mattioli Woods

(Sharecast News) - Analysts at Berenberg reiterated their 'buy' rating and 870.0p target price on wealth management firm Mattioli Woods on Wednesday following the group's "solid" interim results a day earlier.

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Mattioli Woods reports rise in revenue, earnings

(Sharecast News) - Wealth and asset manager Mattioli Woods reported an 8% increase in first-half revenue on Tuesday, reaching £59.1m.

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Mattioli Woods reports rise in revenue, earnings

(Sharecast News) - Wealth and asset manager Mattioli Woods reported an 8% increase in first-half revenue on Tuesday, reaching £59.1m.

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Mattioli Woods boosts interim dividend as profit and revenue rise

(Alliance News) - Mattioli Woods PLC on Tuesday said its profit rose by over GBP2 million in its latest half year, as demand increased for "high-quality" financial planning and wealth management services.

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