Berkeley Berry Birch has released a trading statement saying for the year ending March 31, 2004 its results have been in line with market expectations.
Based on unaudited management accounts, the listed IFA has reported an operating profit in both the months of February and March, achieved one month ahead of expectations.
The trading update came just minutes after a separate stock exchange announcement stating merger talks with rival Inter-Alliance have been abandoned.
It goes on to say BBB's performance measures of gross margin, central costs and operating profit/loss have all shown improvements in the last quarter of the year ending March 31, 2004 with the cash reserves of the company in excess of £10m at the year end.
BBB will announce its preliminary results by June 30, 2004.