IN BRIEF: Team records narrowed interim loss with new opportunities

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Team PLC - Jersey-based active fund management - Pretax loss for the six months ended March 31 narrows to £710,000 from £933,000 a year before. Revenue grows 63% to £1.0 million from £600,000. Attributes growth to new client opportunities.

Currently trades in line with management expectations. Remains on track to be cash positive once the acquisitions of Omega Financial Services Ltd and Concentric Group have gained regulatory approval and are integrated into the group. Omega was acquired in December and Concentric in May.

Current stock price: 63.90 pence

12-month change: down 14%

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