AIM-listed adviser consolidator AFH Financial has almost doubled its pre-tax profits to £1.6m after buying 11 advice firms and boosting its recurring income.
The consolidator posted a pre-tax profit growth of 85% in the year to October 2015, up from £861,000 in 2014. It reported an income of £21m in 2015, representing a growth of 40% on the previous year,...
Investors have largely avoided financials over the past 10 years, with the share prices of US and European banks having largely stood still relative to broader markets since 2007. But while banks won't return to their record valuations any time soon (and...
Steps already taken
Increasingly diverse sector
First of planned acquisitions
Feedback from first year