1st Oct 2015 07:37
LONDON (Alliance News) - Currency manager Record PLC on Thursday said it has been advised by a UK dynamic hedging client that it intends to terminate a GBP900 million mandate.
Record said the contract is likely to be terminated by the client, which it did not name, by the end of the financial year to the end of March.
The company said it will publish a trading update for the second quarter to the end of September on October 16 and will announce half-year results on November 24.
Shares in Record were down 2.6% to 36.05 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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