Rensburh Sheppards highlights “fundamental strength” as profits slip

Jun 12 2009 by Henryk Zientek, Huddersfield Daily Examiner

WEALTH management group Rensburg Sheppards stressed the “fundamental strength” of its business as it revealed a slide in profits.

The Leeds-based investment specialist posted pre-tax profits of £30.5m for the year to March 31 compared with earnings of £31.2m last time in the face of turbulent market conditions.

The group, which has about £10bn funds under management, is maintaining its final dividend at 17p. the total dividend is unchanged at 25.5p.