The two key messages from the H116 trading update were (a) strong progress by Legal Services, in line with expectations and (b) the decision to pursue an orderly wind-down of the debt management plan services (DMP), prompted by new FCA regulation which increased costs and made that business appear unviable. Fairpoint also confirmed the appointment of David Broadbent as new CFO from 1 August.
21 Jul 2016
Strategic focus on strong growth
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Strategic focus on strong growth
FRP Advisory Group Plc (FRP:LON) | 114 -3.4 (-2.6%) | Mkt Cap: 287.8m
- Published:
21 Jul 2016 -
Author:
Roger Leboff -
Pages:
3
The two key messages from the H116 trading update were (a) strong progress by Legal Services, in line with expectations and (b) the decision to pursue an orderly wind-down of the debt management plan services (DMP), prompted by new FCA regulation which increased costs and made that business appear unviable. Fairpoint also confirmed the appointment of David Broadbent as new CFO from 1 August.