Mortgage Advice Bureau (Holdings) (GB:MAB1) has released an update.
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Mortgage Advice Bureau (Holdings) PLC reports solid interim results with a 39.9% increase in adjusted profit before tax to £12.3m, despite a challenging market environment. The company saw a slight increase in market share and flat gross mortgage completions, highlighting investments in technology and lead generation as key growth drivers. Looking ahead, MAB anticipates a rebound in mortgage refinancing activity and market recovery, supported by recent government initiatives and a new focus on housebuilding.
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