Somerset Capital Management's profits fell to £19.5m in 2019, down from £25.3m in 2018, as overall revenues fell 15% over the year to £38.8m.
Following a volatile year for emerging markets with uncertainty over global interest rates, Somerset's cash reserves dipped from £9.7m in the previous year to £4.9m as the firm took an overall £1,099 loss...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow