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Arbuthnot Banking Group

  • BY: Andrew Hore |
  • POSTED: 19/12/2008 |
  • COMMENTS: Add yours

Arbuthnot Banking Group says that is investment banking business will show a loss for 2008 and push the whole group into the red.

Aim adviser Arbuthnot Securities handled less corporate transactions during the year and lost money on its trading book. Costs are being reduced and the trading book reduced.

Arbuthnot Banking Group shares were unchanged at 292.5p each.

The group’s results should be announced on 12 March 2009.

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