Man expects to beat expectations

12 April 2012

FINANCIAL services firm Man Group, which was one of the best performing stocks in the FTSE 100 index last year, has issued a bullish profits outlook, saying it expects to beat current market forecasts.

Man, which runs an international hedge fund and futures broking operation, said in a statement that group profits before tax, goodwill and exceptional items for the year about to end on 31 March would be 'well ahead' of current analyst expectations.

It said analysts were currently forecasting profits between £190m and £210m, with a consensus of around £202m.

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