21-Jan-2005 Evolution Group said today that its full year results are expected to be in line with market expectations and significantly ahead of 2003. Within Evolution Securities, the group's middle market investment banking business, the continued strong performance was driven by an increase in transactions performed for corporate clients, with record funds being raised for clients in this six month period. Christows, Evolution Group's private client stockbroking and portfolio management business, has continued to progress according to plan and at the year end has seen good growth in funds under management, providing increased recurring income. At the year end the balance sheet position has strengthened with cash generated from its operating businesses. The Board is actively considering the most efficient mechanism to reward shareholders, and is confident of a year offurther progress in 2005. Evolution will report its annual results before the end of March. -
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