Wednesday, 1 July 2009

Evolution Group continuing to perform well

Evolution Group PLC (LSE: EVG) said it continues to perform well, in line with its comments made at the time of its interim results announcement in mid-May.

The investment bank said in a trading statement that the expansion of its institutional equities business is proceeding according to plan, with the successful integration of its recent new hires.

Evolution’s fixed income capabilities are also making good progress with continued growth in products and customers. The private client business, Williams de Broe, continues to see momentum with net inflows in line with expectations.

The group's financial position continues to be strong, it added.

www.proactiveinvestors.co.uk

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