Mattioli Woods PLC - Leicester-based asset manager - Assets under management in the first four months of its financial year 2023 that started June 1 fall. AuM are down 7.3% to GBP4.7 billion, as the firm cites economic and political uncertainties' influence on investor confidence and market stability. Gross AuM as at May 31 stood at GBP5.10 billion in comparison. The company confirms proposing a 17.8 pence final dividend for year ended May 31 at Friday's annual general meeting as announced in September, up 32% from 13.5p a year prior. Takes total payout to 26.1p, up from 21.0p. Looking forward, Chair David Kiddie says: "We will continue to seek to understand our clients' needs and provide quality solutions, maintaining our focus on client service and continuing to adapt our business model to the changing market. We remain positive about the group's growth prospects given our resilient operating model and remain committed to delivering our strategy."
Current stock price: 591.15 pence, up 0.2% on Friday
12-month change: down 27%
By Tom Budszus; tombudszus@alliancenews.com
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Mattioli Woods (MTW)