Trading slow at Walker Crips

SHARES in private-client broker Walker Crips fell yesterday after the company said that trading had slowed in the first few months of the year, despite reporting a rise in both profits and revenue.

Revenues at the firm were up 14 per cent to £20.1m compared to last year, while pre-tax profits rose to £1.75m, after a Financial Services Compensation Charge of £220,000 relating to the collapse of Keydata.

“We expect the first quarter of a new financial year to be relatively subdued,” said chairman David Gelber.