Arbuthnot Banking Group says that trading conditions at its Aim advisory subsidiary Arbuthnot Securities have “deteriorated sharply”.
It blames a lack of Aim flotations and falling levels of institutional trading.
It is still early in the year but the full year outcome for the subsidiary will be affected by whether or not certain deals are completed. Costs are being controlled.
Private bank Arbuthnot Latham and lender Secure Trust are trading well.
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