The AGM trading update shows Q117 revenues up 6%. On an underlying basis, though, the top line dipped 5%. The difference stems from the gain from sterling moves, along with portfolio changes. The statement includes a cautionary note over activities targeted at asset management, with geopolitical factors continuing to play out. The main forecast changes relate to the share buyback earlier this month, boosting EPS and, by implication, dividend. The group has moved to pro forma net debt of &poun
27 Jan 2017
Sterling top-line benefits
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Sterling top-line benefits
- Published:
27 Jan 2017 -
Author:
Fiona Orford-Williams -
Pages:
3
The AGM trading update shows Q117 revenues up 6%. On an underlying basis, though, the top line dipped 5%. The difference stems from the gain from sterling moves, along with portfolio changes. The statement includes a cautionary note over activities targeted at asset management, with geopolitical factors continuing to play out. The main forecast changes relate to the share buyback earlier this month, boosting EPS and, by implication, dividend. The group has moved to pro forma net debt of &poun