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Arbuthnot Banking Group
- BY: Andrew Hore |
- POSTED: 22/10/2008 |
Aim-quoted Arbuthnot Banking Group says that its investment banking operation lost money in the third quarter.
Aim adviser Arbuthnot Securities has not worked on as many transactions and the value of its trading book has come under pressure. The trading book positions have been reduced significantly. The business is still wining new Aim clients. It has gained ILX, Proton Power Systems and Publishing Technology in recent months.
There are potential transactions that could boost the full year outcome for this division but they can’t be counted on.
Shares in Arbuthnot Banking Group, which says it made an overall profit in the three months to September 2008, were unchanged at 315p.
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