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RBG Holdings sees FY results 'significantly ahead' of prior year

By Iain Gilbert

Date: Friday 24 Jan 2020

RBG Holdings sees FY results 'significantly ahead' of prior year

(Sharecast News) - Professional services group RBG Holdings said on Friday that its full-year results would meet market expectations and come in "significantly ahead" of 2018.
RBG, also known as Rosenblatt, said more contingency work kept revenues at the litigation-focused law firm on track - rising to £2m.

The AIM-listed outfit also said December's General Election result had also sparked a marked increase in corporate work, which had previously been lower as a result of Brexit-related concerns.

Chief executive Nicola Foulston said: "2019 has been a year of substantial progress, with the group continuing to perform well in a challenging business environment.

"2020 already looks promising, especially in our corporate division, where there has been a pickup in activity post the election."

RBG also revealed that chairman Stephen Davidson had chosen to stand down and said he would be replaced by non-executive director Keith Hamil.

As of 1335 GMT, RBG shares were broadly flat at 98.55p.

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