Mattioli Woods expects 16% 1H revenue boost

Mattioli Woods said it expected to post a 16% increase in first-half revenue and that its profit outlook for the year remained in line with its expectations.

The wealth manager also said that its Ebitda margin in the first half was substantially ahead of its 20% target.

"We are seeing an increasing flow of organic new business generated by our maturing consultancy team, driven by continued demand for advice, for our products and our services," chief executive Ian Mattioli said.

At 9:20am: (LON:MTW) Mattioli Woods PLC share price was +17.5p at 795p