Brooks Macdonald has issued in line final results this morning. The disposal of property management business, Braemar Estates, has also been announced this morning, which will allow the group to focus on the core offering. The shares have fallen back following revised regulatory cost guidance at the Q4 update. We do not believe that this reaction is warranted. Brooks’ ability to consistently grow FuM has continued. We welcome a proactive approach to regulatory change and protecting future growth ....
21 Sep 2017
N+1 Singer - Brooks Macdonald Group - In line final results, disposal of Braemar Estates
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
N+1 Singer - Brooks Macdonald Group - In line final results, disposal of Braemar Estates
Brooks Macdonald Group plc (BRK:LON) | 1,845 0 0.0% | Mkt Cap: 303.4m
- Published:
21 Sep 2017 -
Author:
Andrew Watson -
Pages:
3
Brooks Macdonald has issued in line final results this morning. The disposal of property management business, Braemar Estates, has also been announced this morning, which will allow the group to focus on the core offering. The shares have fallen back following revised regulatory cost guidance at the Q4 update. We do not believe that this reaction is warranted. Brooks’ ability to consistently grow FuM has continued. We welcome a proactive approach to regulatory change and protecting future growth ....