Arbuthnot Banking Group says that its broking business will report a profit for 2010.
Arbuthnot Securities reported a pre-tax profit of £500,000 in the first half thanks to improved revenues. However, the third quarter deteriorated sharply. Even so, the fourth quarter was strong enough to achieve a full year profit in 2010. It made a small loss in 2009.
This profit will help Arbuthnot Banking Group to report 2010 figures in line with expectations. They will be published on 17 March.
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