AUB Group says its Tysers business in the UK is performing ahead of expectations, prompting an upgrade in earnings guidance for the year to June 30. 

Robust trading in May and June, along with continued execution of strategic growth initiatives, have also lifted AUB’s confidence that full-year underlying net profit after tax is set to top $129 million. 

The revised guidance is about 5.7% above the mid-point of its previous forecast of $120-124 million made in May. 

“This is a preliminary result and remains subject to audit review and finalisation,” AUB said today in an ASX market announcement. 

The broking group will release its results on August 22.