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IN BRIEF: Arbuthnot Banking down after revealing profit forecast

ALN

Arbuthnot Banking Group PLC - London-based merchant bank - Says that it expects to report pretax profit of £46.7 million for 2023, in line with consensus market expectations. In 2022, Arbuthnot’s pretax profit was £20.0 million. The group is set to release its results for the year on March 28.

Current stock price: 1,022.00 pence per share, down 3.1% in London on Wednesday morning.

12-month change: up 11%

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