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Arbuthnot Banking Group

  • BY: Andrew Hore |
  • POSTED: 14/03/2010 |

Aim adviser Arbuthnot Securities returned to profit in the second half of 2009.

The investment banking business is a subsidiary of Aim-quoted banking business Arbuthnot Banking Group. There was a first half loss of 1.3m and a second half profit of 1.2m. This was due to better market conditions and more corporate activity. A loss of 5.2m was reported for 2008.

There was a swing from a dealing loss of 3.1m to a gain of 3.7m in 2009.

Arbuthnot has the second largest number of Aim nominated adviser clients. It raised 320m for Aim and fully listed clients in 2009.

At 400p a share, Arbuthnot Banking is valued at 58.5m.

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