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WH Ireland Group plc ( (GB:WHI) ) has issued an announcement.
WH Ireland Group plc reported a significant decline in revenue and assets under management for the first half of 2024, largely due to the sale of its Capital Markets division to Zeus Capital. The company’s focus is now on its Wealth Management division, with ongoing cost reductions and strategic assessments aimed at returning to a break-even position. Despite the challenging market conditions and reduced revenues, the disposal of the Capital Markets division is seen as a positive step towards stabilizing the company and enhancing its financial prospects.
More about WH Ireland Group plc
WH Ireland Group plc operates in the financial sector, focusing on independent financial planning advice and discretionary investment management through its Wealth Management division. The company aims to establish long-term relationships with clients to support their financial planning and investment strategies.
YTD Price Performance: -46.09%
Average Trading Volume: 21,572
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £7.25M
For a thorough assessment of WHI stock, go to TipRanks’ Stock Analysis page.
