Profits up at Shore Capital

Independent investment group Shore Capital said half year pre-tax profits were up over 92 per cent, despite the expected slowdown in the Capital Markets business ahead of the UK General Election.
By The Newsroom
Published 30th Sep 2015, 09:21 BST

The group, which specialises in capital markets, principal finance and alternative asset management, also said that revenue up 15.1 per cent to £25.9m for the six months ended 30 June 2015.

Howard Shore, executive chairman at Shore Capital, said: “Despite the expected slowdown in the Capital Markets business ahead of the UK General Election, we have achieved strong results and made significant progress across the business, underlining the strength of our client-focused offer.

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“Our Capital Markets business continues to attract high quality clients and advise on prestigious mandates. Inflows into Asset Management are growing and its investment strategies continue to deliver high quality returns for investors. And, in Principal Finance we are optimistic of further value creation opportunities.

“In our 30th year of operation, we can be proud of the high quality business we have built, which attracts entrepreneurial investors and clients looking for our unique blend of advisory-led services. The recent addition of a fixed income capability demonstrates our commitment to developing the business and offering a wide range of complementary services to clients.”