Shore Capital revenues up 12.2%

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Independent investment group Shore Capital confirmed that it will seek approval from shareholders to approve the cancellation of its shares on AIM at the forthcoming AGM.

Revenues hit £24.3m (£21.6m) for the six months ended 30 June while profit before tax excluding reorganization costs (£1.4m) related to the acquisition of Stockdale Securities was up 7.5% to £2.7m.

Statutory profit before tax fell 50% to £1.3m.

At 8:51am: (LON:SGR) Shore Capital Group PLC share price was -45p at 140p

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