Business
Trading Statement
Trading Statement.
About this update from Jarvis Securities Plc
[{"type":"text","content":"\n Jarvis Securities plc\n13 November 2007\n\n\n\n JARVIS SECURITIES PLC\n ('Jarvis' or 'the Company')\n\n Trading Update\n\n\nJarvis continues to trade strongly and the Board expects the full year results\nfor 2007 to be ahead of the current market expectation. Analyst forecasts have\nalready been upgraded during this year and the Company's performance continues\nto be significantly ahead of budget.\n\nJarvis continues to attract increasing numbers of retail clients and has also\nhad great success during the year in signing agreements to provide settlement\nand financial administration services to other investment firms. Jarvis now \nprovides a variety of such services to more than 30 firms. The Company is\nbenefiting from increasing trade volume with these firms and their increasing\nclient numbers now that the majority of the set-up costs of the settlement\nservice have been met. Jarvis will issue further details of new client\nagreements in due course.\n\nJarvis has become a member of PLUS Markets to provide further scope for\ndevelopment of the business. Jarvis has also entered into a white label\npartnership with Saxo Bank AS to provide its own CFD platform to retail clients.\nAdditionally the Company is now able to provide a CFD platform to its\nintroducing broker and commercial clients.\n\nThe Company looks forward with confidence to the remainder of 2007 and into\n2008. The Board anticipates reporting record results and an increased dividend.\nWhilst the current market volatility has had some impact on the retail \nbusiness, this has been compensated for by the increased numbers and activity of\ncommercial clients and the upturn in UK interest rates.\n\nAndrew Grant, Chairman, commented: 'We are pleased with the performance of the\nCompany so far and look forward to the remainder of the financial year with\nconfidence'\n\nFor further Information:\n\nJarvis Securities plc Tel: 0870 224 1111\nAndrew Grant\n\nDaniel Stewart & Company plc Tel: 020 7776 6550\n(Nominated Adviser)\nStewart Dick\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2317,"tagName":"div"}]