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Trading Statement

26 Jun 2015 07:00

RNS Number : 2759R
W.H. Ireland Group PLC
26 June 2015
 

26 June 2015

WH Ireland Group PLC

("WH Ireland" or the "Company")

Half Year Trading Update

Notice of results

 

WH Ireland today issues a trading update for its half year ended 31 May 2015. Overall WH Ireland has performed well in the first half, with an improved performance compared to last year .

The Private Wealth Management division has continued to grow its asset base and at the end of the trading period, total assets under management and administration had risen to £2.8 billion (30 November 2014: £2.7bn). Of this total, discretionary assets have risen to in excess of £800 million (30 November 2014: £700m). Management fee income, reflecting this ongoing improvement to our asset mix, has grown significantly when compared with the same period a year ago.

The Corporate Broking division has continued to grow its corporate client base. At the half year, it was retained by 98 corporate clients (92 for the comparable period a year ago) and as a consequence, its recurring retainer fee income has continued to increase. Success fees are above those achieved last year, although market making, whilst positive, is lower than the same period a year ago.

It is anticipated that the half year results will be released on Monday, 20th July, 2015.

Richard Killingbeck, Chief Executive, said:

"Both our divisions have had good half years, with strong progress in their respective key metrics: increased discretionary funds under management in Private Wealth Management and increased numbers of clients in Corporate Broking. We look forward to making further progress in the balance of the year."

 

For further information please contact:

 

WH Ireland Group plc www.wh-ireland.co.uk

Richard Killingbeck, Chief Executive Officer +44(0) 20 7220 1666

Miles Nolan, Head of Communications

 

SPARK Advisory Partners Limited

 

Mark Brady/Miriam Greenwood

+44(0) 203368 3551/3550

 

 

 

MHP Communications

Reg Hoare / Jade Neal / Jamie Ricketts +44(0) 20 3128 8100 whireland@mhpc.com

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTEELFLEQFBBBL
Date   Source Headline
31st Jan 20067:01 amRNSAppoints WH Ireland as Broker
16th Jan 200610:20 amRNSAcquisition
30th Nov 20052:30 pmRNSPre Close Statement
10th Nov 20052:27 pmRNSHolding(s) in Company
27th Oct 20054:19 pmRNSScrip Dividend Election
19th Oct 20057:01 amRNSHolding(s) in Company
3rd Oct 20052:26 pmRNSHolding(s) in Company
30th Sep 20054:42 pmRNSDirector/PDMR Shareholding
29th Jul 20053:38 pmRNSAcquires Stake in Acceleris
29th Jul 20057:00 amRNSInterim Results
22nd Jul 20057:00 amRNSManagement Appointment
7th Jul 20053:11 pmRNSHolding(s) in Company
5th Jul 20053:58 pmRNSAdditional Listing
30th Jun 20057:02 amRNSAcquisition/Trading Update
27th Jun 200512:28 pmRNSHolding(s) in Company
27th May 20053:35 pmRNSHolding(s) in Company
26th May 200512:28 pmRNSHolding(s) in Company
26th May 20058:39 amRNSStatement re. Press Comment
25th May 20053:02 pmRNSHolding(s) in Company
28th Apr 200512:16 pmRNSScrip Dividend Election
14th Apr 200512:32 pmRNSDirector Shareholding
12th Apr 20051:04 pmRNSAGM Statement
21st Feb 20057:00 amRNSFinal Results
28th Jan 200512:18 pmRNSNotice of Results

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