- Financial adviser Frenkel Topping booked a higher first-half profit, as it boosted new business income and its assets under management swelled.

Pre-tax profit for the six months through June amounted to £596k, up from £282k on-year.

Revenue rose 14% to £4.1m as assets under management rose 12% and new business income rose 30%.

The company held its interim dividend steady at 0.32p per share.

'I am pleased to report an excellent set of results and a period of significant progress,' chairman Paul Richardson said.

'Despite challenging financial markets over the period, we have delivered a 14% increase in revenue, a 111% rise in pre-tax profit and made considerable progress against our strategic commitments.'

'The company has built a strong platform to generate further growth and current trading is line with management expectations.'

At 2:44pm: [LON:FEN] Frenkel Topping Group PLC share price was -0.5p at 31.5p

Story provided by