No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Norman Broadbent said on Thursday that it had delivered a "record first half performance" in the six months ended 30 June, with both net fee income and underlying earnings growing.
Norman Broadbent said H1 net fee income had grown 33% to £6.0m during the period, with executive search NFI up 36% year-on-year and interim management NFI up 21% on H124.
The AIM-listed group also noted that underlying earnings for the period were expected to be between £750,000 to £800,000, a marked increase when compared to H124's £100,000 figure.
Chief executive Kevin Davidson said: "I am delighted to be announcing this record-breaking trading update for H1 2025, particularly in the face of a persistently challenging market. It speaks to the success of the work undergone to transform the company in recent years to become the ambitious, agile and resilient organisation it is today.
"I remain optimistic about the company's prospects, particularly noting the increased value of contracted revenue going into Q3 2025, and with our consistent focus on delivering sustainable and profitable growth over the long term."
As of 1005 BST, Norman Broadbent shares had surged 19.28% to 172.95p.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.
