- Frenkel Topping has issued a corrected version of its trading and strategy update for the year ended 31 December which was released on 25 January. The previous announcement stated that the company acquired FC Fund Management in 2015 whereas it acquired a subsidiary of FCFM Group Limited named FC Fund Managers Limited.

Chief executive Richard Fraser said: "The company continued to strengthen its offering during the period. The addition of new fee earning consultants and regional offices helped drive AUM growth while the acquisition of FC Fund Managers Limited has enabled us to revisit our broader offering. As such, having negotiated new arrangements, we will be able to provide a low cost proposition for the provision of advice and management to our clients. We look forward with confidence to growing AUM and generating shareholder value in 2016 and beyond."

At 9:10am: [LON:FEN] Frenkel Topping Group PLC share price was 0p at 58.5p

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