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Evolution Group

  • BY: Andrew Hore |
  • POSTED: 07/02/2009 |

Aim adviser Evolution Group’s current trading is better than expected and it has £117m in cash.

At 100p a share, Evolution is valued at £225m.

Evolution is on track for profits of £2.8m in 2008, down from £3.76m in 2007. The full year results will be published on 8 April.

January was a strong month and costs are being cut back just in case this strong trading does not continue.

Evolution has successfully integrated the Singer & Friedlander investment management business with Williams de Broe. This added £1.1bn to funds under management. 

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