Merchant Securities says outlook is good as trading improves

first_img Merchant Securities says outlook is good as trading improves Wednesday 22 September 2010 7:45 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof whatsapp Investment services firm Merchant Securities said yesterday that trading in its first half has been “very encouraging” and that it is on target to beat last year.Chairman John Green told investors at the company’s annual meeting that the improvement “resulted from our strategy to diversify the business base.”The group saw its business surge back to profitability when it announced its full year results in July, helped along by improved trading conditions and the acquisition of wealth manager Cavendish Young.Merchant turned last year’s pre-tax loss of £4.58m into a £640,000 profit. Revenue increased by 40 per cent to £7.61m, including a seven-month contribution to the private client wealth management arm from Cavendish. Share Show Comments ▼ KCS-content whatsapp Tags: NULLlast_img read more