Miton warns on 2015 revenue after clients ends mandate

3rd Oct 2014 12:34

Shares in AIM-listed fund management group Miton took a hit on Friday after revealing that its revenues would fall £1.1m in 2015 after Bill Mott, one of its institutional clients, opted to terminate a UK equity income mandate. As of 1 October, the mandate amounted to £325.6m of assets under management.Shares had declined by 8.63% to 32.55p by 12:22.