IN BRIEF: WH Ireland warns lack of capital market activity hit results
WH Ireland Group PLC - London-based stock broker and wealth manager - Says trading in second half of financial year was below previous management expectations, amid a "lack of transactional activity across capital markets throughout 2022, which has continued into 2023". WH Ireland now expects to report an underlying loss before tax "in excess of" GBP2.2 million for the financial year that ended on Friday, on about GBP26 million in revenue. In financial 2022, WH Ireland reported a pretax profit of just GBP8,000 on GBP32.0 million in revenue.
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