Brewin Dolphin Says Market ‘Generally Subdued’ in First Quarter

Brewin Dolphin Holdings Plc (BRW), a U.K. stockbroker and fund manager, said commission income fell 24 percent in its fiscal first quarter as the market was “generally subdued.”

Commission income dropped to 17.6 million pounds ($27.8 million) in the 13 weeks ending Dec. 31 from the year-earlier period, the London-based company said today in a statement. The trend “continued into January,” Brewin Dolphin said. First- quarter revenue rose 0.8 percent to 59.7 million pounds.

-- Editors: Jon Menon, Steve Bailey

To contact the reporter on this story: Howard Mustoe in London at hmustoe@bloomberg.net.

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