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View the article online at http://citywire.co.uk/wealth-manager/article/a733319

Walker Crips client assets rise 33%

by David Campbell on Feb 11, 2014 at 07:41

Walker Crips client assets rise 33%

Walker Crips client assets climbed by 33% over the course of 2013 to a total £1.25 billion, driving a 16.3% increase in total revenue £3.47 million in the final quarter.

At 8.20 shares in Walker Crips were up 5.7% at 47.3p.

‘Prevailing trading conditions for the group have improved, but uncertainty remains in financial markets,’ the company said in a statement accompanying its interim results.

‘Nevertheless, the current quarter has started well and the board is confident that continued pursuit of its adopted strategy will enable [Walker Crips Group] to continue the trend in growth and improved performance of the group over the medium term.’

Non-broking income within the company, headed by chief executive Rodney Fitzgerald (pictured), rose to 55.1% from 53.9% in the final quarter of 2012. The company noted that it continued to run with £10 million in net cash on its balance sheet.

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