Walker Crips, the UK financial services group, said net revenues for the three months to 31 December last year rose by 24.4 per cent to £3.4 million (around $5.3 million) from the same period in 2008.

The revenue increase was in line with company expectations, Walkers Crips said in an interim statement today.

Funds under management at 31 December stood at £597 million, an increase of 15 per cent over the quarter and an increase of 55 per cent since the previous year-end.