Mattioli Woods PLC - UK provider of wealth management and employee benefits - Notes "pleasing" development of number of new clients on-boarded in the first four months of new financial year is in line with the prior year.
"Market stability has shown signs of improving, despite the ongoing political and macro-economic uncertainty, with net inflows into the group's investment and asset management services at the same level as the equivalent period last year," Mattioli added.
Also committed to growing its dividend, and has proposed a final dividend of 12.7 pence, down from 13.67p the year before, as it also looks to "protect" its financial position. Remains positive about its future growth prospects but believes Brexit will "continue to influence" investor sentiment. Current trading in line with internal expectations.
Current stock price: 657.00 pence
Year-to-date change: down 18%
By Paul McGowan; paulmcgowan@alliancenews.com
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Mattioli Woods (MTW)