Walker,Crips,Weddle,Beck PLC
20 July 2007
Walker, Crips, Weddle, Beck Plc
Interim Management Statement
Walker, Crips, Weddle, Beck Plc ('WCWB'), the integrated financial services
group, is today issuing the following Interim Management Statement, as required
by the new EU Transparency Directive and the FSA requirements, to coincide with
its Annual General Meeting which is taking place today, 20 July 2007, at
Brewers' Hall, Aldermanbury Square, London EC2V 7HR. The statement relates to
the trading period from 1 April 2007 (the 'Relevant Period').
WCWB has made a strong start to the current year. Trading over the Relevant
Period has been in accordance with the WCWB Board's expectations and a
continuation of the growth experienced in the year to 31 March 2007.
Overall, WCWB Group net revenue increased by 7.8% compared with the same period
last year with all divisions performing creditably.
The key performance indicator, non-broking revenue expressed as a percentage of
total income, has improved further since the year end to a highly satisfactory
50.3%.
Operating margins are in line with expectations.
The head office relocation to nearby Bunhill Row in the City of London is well
under way and due to be completed by the end of August. The Board expect the
move to provide additional impetus to the delivery of its business development
plans.
There have been no significant changes to the balance sheet since the year end.
Trading conditions remain satisfactory and the Board is confident that the Group
can capitalise on the continuation of current levels of activity in the wealth
management sector and its outlook remains positive.
20 July 2007
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