28 October 2013 – trading update

The company has issued a promising trading update covering the third quarter of the year with revenues on continuing operations being 14% higher than in the same period in 2012.  These figures have been helped by an increase in investor activity as well as a firmer stock market.  The recent flotation of Royal Mail will have also generated significant interest and the forthcoming flotations of companies such as Merlin Entertainments should also help.  We continue to rate the shares as a BUY.