Adviser Brooks Macdonald profits up 23%

Despite the weak investment market, the group's funds under management rose from £1.18bn to £1.218bn in the second half of 2008. The asset management firm said its pre-tax profit rose 46% to £1.26m, while revenue rose to £9.65m from £7.8m the previous year. Basic earnings per share rose to 8.35p, up 24%. "These results reflect not only the continued excellent progress made by the Group but also the robust nature of our business model," says Chris Macdonald, chief executive of Brooks Macdonald. He concludes: "Whilst the current economic environment remains very challenging, the Group is ...