Walker Crips Group plc Trading Update (1861R)
February 26 2019 - 11:00AM
UK Regulatory
TIDMWCW
RNS Number : 1861R
Walker Crips Group plc
26 February 2019
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
26 February 2019
Walker Crips Group plc
("Walker Crips", the "Company" or the "Group")
Trading Update
Walker Crips Group plc, the national investment and wealth
management group, provides the following trading update.
In the Group's interim results for the period to 30 September
2018, announced on 27 November 2018, Walker Crips advised that,
despite the disappointing results for the first half, the Group's
programme for implementing change through the introduction of new
revenue streams and cost savings should provide the platform for an
improved second half performance.
The Group continues to implement this renewed strategy, however,
the ongoing political and economic uncertainty surrounding the UK's
exit from the EU and nervousness in the market remains a
significant factor, affecting both the level of volume-driven
broking commission earned and the intended launch date of planned
new initiatives. As a result of the continued challenging market
conditions, the Group expects the full year performance to be much
lower than the reported results for the prior year to 31 March
2018.
The Group will report its full year results in July 2019.
For further information contact:
Walker Crips Group plc +44 (0) 20 3100 8000
Bridgette Campbell, Media Relations
Cantor Fitzgerald Europe +44 (0) 20 7894 7000
Will Goode / Philip Davies
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END
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