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City of London Investment Group (CLIG): Strengt...
City of London Investment Group (CLIG): Strengt....
About this update from City Of London Investment Group Plc
[{"type":"text","content":"\n \nHardman & Co ResearchHardman & Co Research: City of London Investment Group (CLIG): Strengthening cash position to boost returns20-Sep-2018 / 13:45 GMT/BST\nHardman & Co: Strengthening cash position to boost returns\n\nCity of London has released its annual results for 2018. As headline figures were given in the July trading statement, there are no big surprises in these results. FUM grew 9.5% in US Dollar terms over the year to $5.1bn. With Sterling strengthening relative to the US Dollar and lower fee margins, revenue growth was a little behind this at 8.4%. Total expenses grew at 8.2%, giving a net 8.9% growth in operating profit to £12.5m. EPS growth was 7.0%, lower than the 10% increase in earnings due to fewer shares being held by employee benefits schemes.\n\nPlease click here for the full report:\n\nhttp://hardmanandco.com/docs/default-source/company-docs/city-of-london-investment-documents/20.09.18-strengthening-cash-position-to-boost-returns.pdf\n\nTo contact us:Hardman & Co35 New Broad StreetLondonEC2M 1NHwww.hardmanandco.comFollow us on Twitter @HardmanandCo\n Contacts:Brian Moretta+44 20 7194 7622\n [email protected] \n \n \n\nHardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement.\n\nAbout Hardman & Co: For the past 21 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the world with high-quality research, investor engagement programmes and advisory services.\n\nHardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259.\n\nOur research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies. It is not intended to be made available to unsophisticated retail investors. Anyone w...