Fiske PLC Result of AGM (1499S)
29 September 2017 - 1:21AM
UK Regulatory
TIDMFKE
RNS Number : 1499S
Fiske PLC
28 September 2017
28 September 2017
Fiske Plc
('Fiske' or 'the Company')
Result of AGM
Fiske Plc (the 'Company') announces that at the AGM held today
all the resolutions were duly passed.
Speaking at the AGM, Clive Harrison, the Company's Executive
Chairman, said the following:
We have made a promising start to the current year and we have
traded profitably in the first quarter although we will bear some
exceptional acquisition costs in the second quarter. The principal
event of the past two months is the completion of the acquisition
of Fielding Investment Management and their team joining us here.
We regard this transaction as very favourable for all those
concerned and we will be working hard over the next months to
integrate the two teams and to get the benefits of us working
together. We welcome all the Fielding's personnel.
Stock markets worldwide, but especially Wall Street and London,
remain buoyant in spite of considerable political and economic
uncertainties. The major danger is unquestionably the threat to
world peace provided by the unstable regime in North Korea coupled
with its significant and growing military power. Brexit will
probably be an adverse economic event but on a minor scale and
already priced in to the market. The scare stories which dominate
the media are about as well founded as the prophesies of gloom from
Cameron and Osborne in the lead up to the Referendum, which proved
to be hot air and luckily led to their enforced absence from
political power.
From an economic point of view Central Bank's monetary policy is
the decisive factor and major influence on markets. The bond
markets, especially Government bond markets, are in bubble
territory and very vulnerable to the certain and imminent rise in
interest rates. This scenario coupled with the end of quantitative
easing will affect asset values but to quite an extent this is
already in the market but to how great an extent is the big
unknown.
We continue to take a cautious view.
For further information please contact:
-- Gerard Luchini, Fiske Plc - Compliance Officer
(tel: 020 7448 4700)
-- Salmaan Khawaja/Richard Tonthat/Harrison Clarke, Grant
Thornton UK LLP (Nominated Adviser)
(tel: 020 7383 5100)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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