Brewin Dolphin Holdings plc Reports Interim Management Results for Quarter to December 31, 2012; Provides Capital Expenditure Guidance for the Full Year of 2013
Ongoing underlying profitability has resulted in both working and regulatory capital surpluses being maintained whilst the Group has continued with its programme of significant capital investment in the project to implement a new operating model. Design and testing of the new settlement system is ongoing although some delays experienced in the quarter will result in slightly higher than forecast full year capital expenditure.