Brooks Macdonald eyes potential M&A despite profit dip in first half

Brooks Macdonald Group has announced its financial results for the first half of 2026, posting an underlying profit before tax of £13.6m ($18.3m), down 12% from £15.5m reported in the same period last year. Revenue increased by 12%, reaching £58.2m, mainly due to growth in financial planning and fee income. This was partly offset by reduced interest and transactional income. Total funds under management and advice grew to £20.1bn, up from £19.1bn at the end of June 2025. Of this total, £17.8bn was man ...