4 Sep

Tough year sees Shore profit drop

first_imgTuesday 22 March 2011 9:04 pm whatsapp AIM-listed investment bank Shore Capital saw a pre-tax profits drop by a third to £8.37m in 2010 but said that it was a “strong performance” given “tougher conditions” in the middle of the year.Its market-making business bucked the trend, however, improving revenues by 5.8 per cent.Chief executive Howard Shore told City A.M. that growing the bank’s market-making range is a priority: “We’re a wholesaler. If you’re a pure wholesaler you have to be a specialist and have the right links to enable you to maximise your links to the retail community.”The bank also splashed out €2.885m (£2.5m) on a controlling stake in Spectrum Investments, a vehicle for buying a majority share of DBD, a German telecoms business.Its venture capital trust business saw mixed results, with two trusts seeing negative returns, offset by double digit returns in three other trusts.The results also show that Shore paid £2.1m in taxes last year. Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterMisterStoryWoman files for divorce after seeing this photoMisterStoryThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressForbes14 Richest Black Billionaires RankedForbesSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Ads Tough year sees Shore profit drop center_img Show Comments ▼ KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap whatsapp Tags: NULLlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *