Walker Crips Regulatory News (WCW)

20 Jul 2007 08:18

Walker,Crips,Weddle,Beck PLC20 July 2007 Walker, Crips, Weddle, Beck Plc Interim Management Statement Walker, Crips, Weddle, Beck Plc ("WCWB"), the integrated financial servicesgroup, is today issuing the following Interim Management Statement, as requiredby the new EU Transparency Directive and the FSA requirements, to coincide withits Annual General Meeting which is taking place today, 20 July 2007, atBrewers' Hall, Aldermanbury Square, London EC2V 7HR. The statement relates tothe trading period from 1 April 2007 (the "Relevant Period"). WCWB has made a strong start to the current year. Trading over the RelevantPeriod has been in accordance with the WCWB Board's expectations and acontinuation of the growth experienced in the year to 31 March 2007. Overall, WCWB Group net revenue increased by 7.8% compared with the same periodlast year with all divisions performing creditably. The key performance indicator, non-broking revenue expressed as a percentage oftotal income, has improved further since the year end to a highly satisfactory50.3%. Operating margins are in line with expectations. The head office relocation to nearby Bunhill Row in the City of London is wellunder way and due to be completed by the end of August. The Board expect themove to provide additional impetus to the delivery of its business developmentplans. There have been no significant changes to the balance sheet since the year end. Trading conditions remain satisfactory and the Board is confident that the Groupcan capitalise on the continuation of current levels of activity in the wealthmanagement sector and its outlook remains positive. 20 July 2007 This information is provided by RNS The company news service from the London Stock Exchange