WH Ireland optimistic on profits

BROKER WH Ireland has issued an upbeat trading statement and predicts higher pre-tax profits when it announces interim figures next month.

The Manchester-headquartered group said revenue growth in both the private client and corporate broking divisions has been “encouraging”.

There has been a strong increase in management fees and commissions in the private client division, and also in retainer income and success fees in the corporate arm.

It said profit before tax “after specific reorganisation costs” will be ahead of the comparable period a year ago.

Chief executive Richard Killingbeck said: “We have had an encouraging start to the current financial year, as we continue to grow our corporate client list and assets under management. Our growth initiatives – to extend our capability, and selectively add high quality individuals and teams – support our confidence that WH Ireland will make further progress in 2014.”

The company will post figures for the six months to May 31 on July 21.

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