Share Plc views 2017 prospects positively

Share Plc said it continues to view its prospects for 2017 very positively and was well positioned for year-on-year revenue and earnings growth.

"Share (Plc) has attained quarterly revenues in excess of £4m for the first time in the group's history," said chief executive Richard Stone in a Q1 trading update.

He said the company continued to outperform peers on key metrics, with revenue market share, excluding interest, reaching a record high of 11%.

"This pleasing performance reflects the progress we are making in both account acquisition and major new partnerships, as well as the high customer service levels we offer," said Stone.

"We continue to view prospects for 2017 very positively and the Group remains well positioned for year-on-year revenue and earnings growth."

Trading in Q1 was been strong, supported by buoyant dealing volumes and higher customer numbers following the addition of books of customer accounts in 2016.

Revenues rose 20% to £4.1m, from £3.4m, and assets under administration increased 6% to a high of £4bn at the end of the period.

At 14:40 BST, the shares of AIM-quoted Share Plc were up 3.85% to 27p each.