Arbuthnot profits set to beat forecast after strong quarter

Forecast of £17.3m will be topped

clock • 1 min read

Arbuthnot Banking Group shares jumped yesterday (23 February) after the firm revealed full-year profits are set to beat forecasts, but later fell back.

The private banking and wealth management firm earlier had expectations of £17.3m in profit for 2022. Following a strong fourth quarter of the year, it is now on track to beat this number. The exact figures will be confirmed in its annual results statement on 30 March. Stock Spotlight: BP faces balancing act after dialling back climate targets Investors responded positively to the trading update, with Arbuthnot shares rising nearly 3% to 950p. They fell back in afternoon trading to 900p though, 2% lower for the day. The company said: "Having invested in and developed a business ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Maven Renovar VCT board slams 'underperforming' investment manager as saga intensifies

Maven Renovar VCT board slams 'underperforming' investment manager as saga intensifies

Board tug of war followed a strategic review

Patrick Brusnahan
clock 15 July 2025 • 2 min read
Ninety One's shares jump after positive Q1 AUM update

Ninety One's shares jump after positive Q1 AUM update

AUM up by £11.1bn in past 12 months

Sorin Dojan
clock 15 July 2025 • 1 min read
Home REIT's former adviser Alvarium Fund Managers goes into administration

Home REIT's former adviser Alvarium Fund Managers goes into administration

Decision taken after strategic review

Sorin Dojan
clock 15 July 2025 • 2 min read
Trustpilot