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  5. Arden Partners moves into pre-tax profit

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Arden Partners moves into pre-tax profit

Wed, 21st Dec 2011 08:18

Stockbroker Arden Partners reported a pre-tax profit compared to a loss a year earlier despite challenging market conditions.Profit before tax came in at £0.6m for the year ended 31 October 2011 from a loss of £0.5m a year earlier. Revenue fell to £12.4m from £13m previously.Underlying profit before tax slipped to £1.2m during the period from £1.3m while basic earnings per share rose to 2.2p compared to a loss per share of 4.2p.Chairman Lord Flight said, "Given the significant business pressures I am pleased to report that Arden has remained profitable over the last financial year. The Stockbroking sector is facing perhaps the most difficult and challenging conditions since the 1970's, however the lower overhead base, a strong balance sheet and our Indian franchise should stand Arden in good stead for the new financial year."Revenue at its Equities Division rose 25% to £7.6m while income from pure commission and agency cheques were little changed from last year. Trading was heavily weighted to the first half.Arden noted that the second half of the year was particularly challenging with the ongoing problems in the euro zone.During the year, Arden completed 12 corporate finance transactions, down from 15 transactions in 2010. Looking ahead the group said it is focussed on ensuring the business runs on the lowest fixed cost base possible and will, therefore, continue to drive costs out of the business in the forthcoming period to ensure when eventually market conditions improve, that Arden is in the strongest position possible to take full advantage.--cj
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25 Jul 2019 13:22

Arden Partners First Half Loss Narrows Amid Uncertain Market

(Alliance News) - Stockbroker Arden Partners PLC on Thursday posted a narrowed first half pretax loss on the back of higher revenue generation, but said trading was impacted by political and the

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20 Mar 2019 13:47

Arden Partners Grows Corporate Client Base Despite Challenging Market

LONDON (Alliance News) - Arden Partners PLC on Wednesday said it has continued to grow its corporate client base, a key part of its strategy.This was achieved despite market conditions with

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24 Jan 2019 09:38

Arden Partners Sinks To Annual Loss Despite Second Half Improvement

LONDON (Alliance News) - Arden Partners PLC held its full-year dividend flat Thursday after revenue fell and it sank to a loss amid tough conditions, despite profitability returning in the second

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14 Jan 2019 14:37

Arden Partners launches new wealth management division

(Sharecast News) - Arden Partners announced the launch of Arden Wealth Management - its new wholly-owned and FCA-approved wealth management subsidiary on Monday, as well as the creation of a new wealth management division within the Arden group.

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14 Jan 2019 09:05

Stockbroker Arden Partners Establishes New Wealth Management Unit

LONDON (Alliance News) - Arden Partners PLC on Monday said it formed a new wealth management unit and has recruited a former Brewin Dolphin Holdings PLC executive to manage and develop the stock a

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4 Jan 2019 14:45

Steve Douglas becomes Arden Partners finance director

(Sharecast News) - Institutional stockbroking company Arden Partners confirmed on Friday that it has received FCA approval for the appointment of Steve Douglas to its board as group finance director.

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1 Nov 2018 12:25

Arden Partners Appoints New Chair And Finance Boss In Board Refresh

LONDON (Alliance News) - Stockbroker Arden Partners PLC said Thursday it has appointed a new chairman and finance boss alongside a non-executive appointment amid a refresh of the board.Mark

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1 Nov 2018 09:14

Arden Partners makes Mark Ansell's chairmanship permanent

(Sharecast News) - AIM-listed stockbroker Arden Partners has tapped Mark Ansell to take up the role of chairman on a full-time basis.

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1 Nov 2018 09:14

Arden Partners makes Mark Ansell's chairmanship permanent

(Sharecast News) - AIM-listed stockbroker Arden Partners has tapped Mark Ansell to take up the role of chairman on a full-time basis.

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30 Jul 2018 12:16

Arden Partners Interim Loss Widens On Restructuring, Team Expansion

LONDON (Alliance News) - Arden Partners PLC on Monday said its loss widened in the first half of its current financial year as it invested heavily in restructuring the business.The company

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15 Jun 2018 10:50

RA International And Anexo Group To Raise Funds For June AIM Listing (ALLIPO)

LONDON (Alliance News) - RA International Group PLC is placing to raise GBP97.2 million through an initial public offering of 173.6 million shares at 56.0 pence each.The company provides in

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24 May 2018 15:39

Stockbroker Arden Partners Says Luke Johnson Steps Down As Chairman

LONDON (Alliance News) - Stock broker Arden Partners PLC said Thursday that Luke Johnson has stepped down as chairman with immediate effect due to other commitments for the serial entrepreneur and

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2 Aug 2016 16:07

DIRECTOR DEALINGS SUMMARY: Arden Partners Chair And Deputy Buy Shares

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2 Aug 2016 10:45

DIRECTOR DEALINGS: Arden Partners Chairman And Deputy Buy Shares

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7 Mar 2016 14:35

Arden Has Completed Six Bits Of Business Since Financial Year End

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