Shore Capital profit up 4% on higher advisory revenue


Investment group Shore Capital posted a 4% improvement in first-half profit after it advised on IPOs, takeovers and secondary fundraisings.

Pre-tax profit for the six months through June rose to £2.6m, as revenue rose 6.5% to £21.6m.

'Capital markets has won new clients and been active across a variety of new mandates, whilst asset management has achieved healthy growth in revenues, profitability and assets under management,' chairman Howard Shore said.

At 9:46am: (LON:SGR) Shore Capital Group PLC share price was 0p at 255p

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