News blog
Fiske
- BY: Andrew Hore |
- POSTED: 29/08/2008 |
Fiske reported lower profits last year.
In the year to May 2008, the profit fell from £904,000 to £433,000. The second half profit slumped from £566,000 to £33,000.
The stockbroker says it has been advising its clients to keep a high level of liquidity. This has led to less dealing activity and the strategy is set to continue for the rest of 2008.
Fiske has £3.79m of cash in the balance sheet. The company’s stake in Euroclear is valued at £1.25m.
An unchanged second interim dividend of 3p a share is proposed.
Fiske shares fell 1.5p to 74.5p each, which values the stockbroker at £6.22m.
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