Thursday 18 January 2018

IFG expects results 'in line' with forecasts

Financial services provider IFG said that its in line to meet forecasts for 2010 after the year’s first four months, according to a statement from the group.

"While markets are unstable and risk aversion high we are confident that our businesses are currently delivering and will continue to do so," it said.

The company says it has a strong balance sheet and that the recent acquisition of James Hay provides an opportunity to reach scale in it's UK and International divisions.

In Ireland, while pension and advisory business performed well, the property business continues to operate in a difficult environment, it said.

"Focus in this business remains on achieving neutral contribution," it added.

The company says the UK division, which inclueds James Hay, is now it's largest with its share of the overall group operating profit expected to be in excess of 50pc in 2010.

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