Wilmington reports a mixed start to the year

Wilmington has had a mixed start to the year with good growth from Risk and Compliance and the Insight division but a weaker performance from Legal and Finance.

The knowledge provider in risk and compliance, finance, legal and insight said revenue was up 8.5% compared to the previous period due to translation gains from non-sterling revenue and contributions from acquisitions.

Profits were down compared to last year due to the movement of a large compliance program, the slow start for advanced material technology (AMT) and planned investments.

The group also reports significant ongoing investment in people and new offices in Singapore, Barcelona and the US. Investment has particularly accelerated in compliance, insurance and healthcare.

The board expects acquisitions made in 2015/16, including the latest takeover of SWAT, to continue to perform well. The management also feels the company is on track to deliver against expectations for the full year.

The share price rose 0.37% to 268p at the close on Thursday.