Coronavirus impact: 16 June - stunning results from the world of secure payments
Technology continues to impress over the pandemic but the valuations of some leave little room for missteps
Tatton Asset Management: decent resultsTatton Asset Management (LON:TAM), the investment management and IFA support services group, announced impressive ‘audited’ results for the year ended 31 March 2020. We are doubly impressed they managed to complete the audit over lockdown. Group revenue increased 22% to £21.4m, boosted by the acquisition of Sinfonia Asset Management in October 2019. Adjusted operating profit rose 24% to £9m with adjusted earnings per share up 19.8% to 12.00p. A net operating cash inflow of £8.9m lifted period end net cash to £12.7m and means the group can commit to a 14.3% increase in the final dividend…