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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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