Walker Crips, an integrated financial services group, has told investors it suffered 'difficult trading conditions' in the half year ended September 30th and said broadly lower transaction volumes in what were weaker equity markets results in a negative impact on performance.
As a result, the dividend was slashed to 0.47p per share (2011: 0.94p per share), although this will be combined with the previous announced special dividend after the company disposed of Liontrust Asset Management, which resulted in a one-off gain of £10m.
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