(Alliance News) - Alpha Financial Markets Consulting PLC said Wednesday it expects its annual performance to be in line with expectations, following a strong interim period.
Alpha, which provides consultancy services to the asset and wealth management industry, said it performed well in the six months to the end of September.
On a like-for-like basis, the company saw progress compared to the second half of its prior financial year ended March 31.
Alpha has largely completed the integration of the Axxsys business, and the business has so far performed in line with expectations.
In June, Alpha acquired asset management consultancy Axxsys for GBP9 million.
Looking ahead, Alpha said its pipeline remains good, and despite continued political and economic uncertainty, it expects further progress in the second half.
"The group further progressed in the first half. We have continued to invest in our skilled consulting teams and I am pleased to have recruited a number of key Director hires globally since April 1, which should position Alpha well for growth through the remainder of the financial year and beyond. Our strategic acquisition of Axxsys has landed successfully with the teams collaborating effectively," said Global Chief Executive Officer Euan Fraser.
Shares in Alpha Financial Markets were down 3.3% at 196.25 pence on Wednesday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Alpha Financial Markets Consulting (AFM)