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F&C cuts £23m in costs to power profit but Thames River struggles
by Dylan Lobo on Mar 14, 2013 at 08:02
Bramson told the stockmarket: ‘Two years ago I wrote that the group had many inherent strengths, but that these had not been reflected in its recent financial performance.
‘I believe that the effect of the actions taken during the course of 2012 will continue to result in improved financial performance in 2013 and subsequent years, and the group now has in place a chief executive, management team and the enhanced profitability to capitalise on the opportunities available to it.
'As a result of the hard work of restructuring during the last 18 months the Company is now in a position to invest for growth in new markets and capabilities.’
Wilson added: ‘This is a robust and much improved set of financial results. The company has made significant progress towards its strategic goals in 2012.’
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