Norman Broadbent Navigates Market Challenges

Norman Broadbent (GB:NBB) has released an update.

Norman Broadbent PLC has reported a net fee income of £4.5m in H1 2024, a 14% decrease from the previous year, yet showing resilience in tough market conditions with signs of recovery and a 5% increase in search mandates. Despite a decline in Interim Management fees and an overall drop in average fee value per mandate, the company remains optimistic about the future, highlighting cost management, strategic investments, and a focus on growth opportunities, such as potential acquisitions and expansions in the US.

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