Walker Crips pins bleak profit warning on Brexit fears

Full results are due in July

clock • 1 min read

Walker Crips has blamed Brexit for a bleak profit warning, issued to the market late yesterday afternoon (26 February).

The national wealth and investment manager referred back to its interim results for the period to 30 September 2018 - announced on 27 November 2018 - when it had hoped for a pick-up in performance in the second half. However, Walker Crips' trading update advised that while its cost saving measures and "introduction of new revenue streams" would continue, the uncertainty around the UK's exit from the EU leads the firm to believe its full-year performance will be "much lower than the reported results for the prior year to 31 March 2018". Walker Crips rebrands private client investment b...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Advisory

Transact co-founder and former CEO Ian Taylor dies aged 58

Transact co-founder and former CEO Ian Taylor dies aged 58

Died after a short illness

Jenna Brown
clock 19 October 2022 • 1 min read
The Big Interview: TJ&P's Tim Whiting on becoming the 'One Ham Yard' of London IFAs

The Big Interview: TJ&P's Tim Whiting on becoming the 'One Ham Yard' of London IFAs

Company launched in 1995

Lauren Mason
clock 06 April 2022 • 5 min read
Kingswood acquires South Yorkshire IFA in £1.5m deal

Kingswood acquires South Yorkshire IFA in £1.5m deal

UK assets hit £6.3bn

Jenna Brown
clock 26 January 2022 • 1 min read
Trustpilot