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.

Jelf provides a range of insurance, financial services and employee benefit services to corporates and individuals.

"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."