Stockbroker Daniel Stewart had a decent second half to its financial year, turning a half-year loss into a full-year profit.
Overall trading conditions in the UK small and mid-cap markets remain challenging, however, and the brokerage industry has experienced a period of consolidation as firms look to cut their coats according to their cloth.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The group said its Wealth Management business has continued to perform well, with new clients added to the customer base throughout the year.
"The directors are pleased with this performance, and approach the next financial year with renewed optimism," the group's pre-close statement said.
JH
-
First Solar is set to shine – should you invest?Solar-power specialist First Solar will benefit from Donald Trump’s policies, says Matthew Partridge
-
Private assets: profit from the potential in these fundsOpinion Charlotte Cuthbertson and Tom Treanor of the Migo Opportunities Trust highlight three funds where they'd put their money
