Alpha FMC performs well, continues to monitor market uncertainties

9th Oct 2019 09:32

(Sharecast News) - Asset and wealth management consultancy Alpha Financial Markets Consulting said it had "performed well" in the six months ended 30 September, and said it looked forward to further progress in the second half of the year despite continuing to monitor the uncertainty in global political and economic environments.
Alpha said that on a like-for-like basis, it had continued to progress when compared to the six months ended 31 March, partly due to the integration of Axxsys, acquired in June, largely being complete and performing to expectations.

The AIM-listed group said it was satisfied with its first-half performance and anticipates that its full-year results will be in-line with the board's expectation.

Chief executive Euan Fraser said: "Our pipeline remains good and, while we are aware of uncertainty in the global political and economic environment we continue to monitor our clients' responses closely, we look forward to further progress in the second half.

"The underlying industry trends of cost reduction, increasing regulation and increasing assets under management remain firmly in place, driving ongoing change programmes globally."

As of 0930 BST, Alpha Financial shares were down 2.46% at 198p.