Check out our new Timeline feature to give you the latest updates on all the stocks you follow. Clickhere to set up your Timeline.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksXps Pensions Share News (XPS)

Share Price Information for Xps Pensions (XPS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 404.00
Bid: 399.00
Ask: 400.00
Change: 14.00 (3.59%)
Spread: 1.00 (0.251%)
Open: 390.00
High: 404.00
Low: 385.00
Prev. Close: 390.00
XPS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

XPS Pensions profit, revenue grow as celebrates business model

Thu, 21st Nov 2024 11:42

(Alliance News) - XPS Pensions Group PLC on Thursday said its half-year profit and revenue increased due to strong client demand, increased project work and inflationary fee increases.

The Reading, England-based pensions consulting and administration services provider said pretax profit more than doubled to GBP18.2 million from GBP8.1 million year-on-year in the six months to September 30.

Revenue also grew by 20% to GBP113.4 million from GBP94.5 million. The company, which joined the FTSE 250 in June, said increased demand, expansion of services and fee increases drove growth.

An interim dividend of 3.7 pence per share will be paid, up 23% from 3.0 pence in 2023.

The company said the "strong" first half performance "underscores the recurring nature of the XPS business model". The company said it is "confident" of achieving full year results in line with recently upgraded expectations.

Co-chief Executive Officer Paul Cuff said: "We are very pleased with the first half performance of the group. We have seen strong, profitable growth alongside further operational leverage as we have responded to high client demand, including in areas that we have invested in over recent years such as our risk transfer advisory capability and in public sector administration.

"Gaining entry into the FTSE 250 this summer was a big milestone on our journey. We are really excited about the future and are continuing to build on the positive momentum we have," he added.

Shares in XPS Pensions Group fell 1.1% to 354.00 pence per share in London on late Thursday morning, after opening higher.

By Michael Hennessey, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
14 Jul 2023 09:13

LONDON BROKER RATINGS: HSBC says 'buy' AstraZeneca but 'reduce' GSK

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
23 Jun 2023 17:31

IN BRIEF: XPS Pensions discusses National Pensions Trust partnership

XPS Pensions Group PLC - Reading, England-based pensions consulting and administration firm - Notes recent press speculation and confirms it is currently in discussions with SEI in relation to a possible partnership with the National Pensions Trust to create a "market leading proposition" for members. Says discussions are ongoing and there can be no certainty that an agreement will be reached, or as to the terms of any such agreement. Says a further announcement will be made as and when appropriate.

Read more
22 Jun 2023 10:38

XPS Pensions Group reports record annual revenue and profit boost

(Alliance News) - XPS Pensions Group PLC on Thursday that it had a jump in its yearly profit and revenue, demonstrating the "resilient and predictable" nature of its business.

Read more
22 Jun 2023 09:29

LONDON BROKER RATINGS: Shell raised; Goldman likes Deliveroo

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
15 Jun 2023 15:50

UK earnings, trading statements calendar - next 7 days

Friday 16 June 
Peel Hunt LtdFull Year Results
Record PLCFull Year Results
S-Ventures PLCFull Year Results
Tesco PLCTrading Statement
Monday 19 June 
Finsbury Food Group PLCTrading Statement
Triple Point Energy Transition PLCFull Year Results
Utilico Emerging Markets Trust PLCFull Year Results
Tuesday 20 June 
Enteq Technologies PLCFull Year Results
Gear4Music PLCFull Year Results
IG Design Group PLCFull Year Results
Intercede Group PLCFull Year Results
SThree PLCTrading Statement
Monks Investment Trust PLCFull Year Results
Wednesday 21 June 
Berkeley Group Holdings PLCFull Year Results
Halfords Group PLCFull Year Results
Liontrust Asset Management PLCFull Year Results
Thursday 22 June 
Alpha Financial Markets Consulting PLCFull Year Results
Cordiant Digital Infrastructure LtdFull Year Results
DS Smith PLCFull Year Results
First Property Group PLCFull Year Results
Manolete Partners PLCFull Year Results
Mulberry Group PLCFull Year Results
NCC Group PLCTrading Statement
Serco Group PLCTrading Statement
Speedy Hire PLCFull Year Results
Urban Logistics REIT PLCFull Year Results
Volex PLCFull Year Results
Whitbread PLCTrading Statement
XPS Pensions Group PLCFull Year Results

 

Read more
24 May 2023 14:33

XPS Pensions shares drop slightly despite revenue boost

(Alliance News) - XPS Penisons Group PLC shares on Wednesday were slightly lower despite the firm saying it "performed strongly" in its latest financial year with revenue rising by 20%, and that its full-year results were likely to surpass its previous expectations.

Read more
22 Mar 2023 11:56

LONDON MARKET MIDDAY: Stocks lower, pound up as rate decisions loom

(Alliance News) - Stock prices in London were largely lower at midday on Wednesday, as in-coming interest rate decisions from the US Federal Reserve and the Bank of England weighed on investors' minds.

Read more
22 Mar 2023 11:09

XPS Pensions shares up as guides for higher annual revenue

(Alliance News) - XPS Pensions Group PLC shares jumped on Wednesday, after it said it expects revenue to be ahead of market expectations, boosted by its Advisory and Risk Transfer arms.

Read more
22 Mar 2023 09:41

SMALL-CAP WINNERS & LOSERS: XPS Pensions guides higher annual revenue

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Read more
22 Mar 2023 09:06

XPS Pensions lifts full-year revenue expectations

(Sharecast News) - XPS Pensions said on Wednesday that full year-revenues were set to be ahead of consensus expectations following a strong end to the year.

Read more
22 Mar 2023 08:49

LONDON MARKET OPEN: Stocks red as UK inflation stays in double-digits

(Alliance News) - Stock prices in London opened lower on Wednesday, but the pound was on the rise, after inflation in the UK came in hotter than expected in February, remaining in double-digits.

Read more
26 Jan 2023 15:44

UK dividends calendar - next 7 days

Read more
29 Dec 2022 13:41

UK dividends calendar - next 7 days

Read more
30 Nov 2022 11:09

SMALL-CAP WINNERS & LOSERS: Petra sees "low risk" of further breaches

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Read more
30 Nov 2022 10:46

IN BRIEF: XPS Pensions makes Alan Bannatyne chair on permanent basis

XPS Pensions Group PLC - Reading, England-based pensions consulting and administration firm - Announces appointment of Alan Bannatyne as permanent chair, effective today. Bannatyne served as interim chair from September 8. Has been on the board since 2017. Company says "a robust selection process and consultation of major shareholders was completed". Notes Bannatyne also serves as chief financial officer at Robert Walters PLC.

Read more

Make Better Investment Decisions

Register for FREE

Login to your account

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

Quickpicks are a member only feature

Login to your account