Jelf trading in line for full year

Jelf, an independent financial services consultancy, said it had enjoyed a positive second half of the year and results were expected to be in line with market expectations.

This was despite a challenging market environment with no signs of an upturn in the economy, the firm added.

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"We remain strongly cash generative and have positive cash resources net of debt," it said in a trading update.

"During these uncertain economic times, we have continued to focus on further improving efficiency, growing margins and on organic growth."

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