- Braveheart Investment Group posts a pre-tax loss of £845,000 for the six months to the end of September against a profit of £67,000 last time.

The group said £805,000 of the losses were directly attributable to Envestors, its wholly owned subsidiary which encountered poor trading conditions and whose disposal was announced on 13 December.

The loss included an impairment charge of £610,000 to goodwill/intangibles in relation to Envestors.

Fee-based revenue remained steady at £1,321,000 in the period (2012: £1,362,000).

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