LONDON (Alliance News) - Specialist independent financial advice provider Frenkel Topping Group PLC Monday said that it expects its final results for the year ended December 31 2013 to be ahead of market expectations.
The group said that its full-year results will be boosted by an "excellent" year of new business wins, and it is expecting to see an increase in gross, operating and net profit margins.
It also said that during the year it exceeded GBP0.5 billion of Funds in the Investment Management Service.
"The Group made considerable progress during the year, having successfully prepared for the legal reforms and considerable changes to benefits entitlement which occurred in 2013," said Chairman David Southworth in a statement.
The company's shares jumped 12.5% after the trading update Monday afternoon, trading at 36.00 pence per share.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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Frenkel Topping (FEN)