Reporting interim results today, Bradford & Bingley said it would boost the number of IFAs working u...
Reporting interim results today, Bradford & Bingley said it would boost the number of IFAs working under it's The Marketplace and Charcol brands by 30% to 1,300 by the end of 2004.
This company hit the target of 1,000 IFAs 18 months ahead of schedule, and it continued to reduce its distribution business operating costs, resulting in pre-tax profit from this part of its group operations up nearly 40% to £14.7m from £10.6m during the same six-month period last year.
Regarding the outlook for the rest of 2002, B&B says markets are likely to remain tough, but says it is confident that its offerings to consumers through The Marketplace and Charcol will continue to drive revenues higher.
The company's group pre-tax profit hit £125.5m in the six months to June, up from £119.7m at the same time last year.
Basic earnings per share are recorded as 13.4p, up from 11.9p, which has resulted in the promise to pay an interim dividend of 4.9p, up from 4.3p at the same time last year.
Paul Bruns and Elaine Parkes
3,000 left to transfer
Record numbers of people aged 90 plus
From 3 to 10 October