Daniel Stewart profits halve

Daniel Stewart Securities yesterday reported a five per cent rise in revenues to £8.8m for the year to 31 March. The investment bank said profit after tax fell to £0.5m, from £1m last year. The group had 53 clients in 2012 compared to 60 in 2011, with 37 completed transactions. “Daniel Stewart is in good shape despite the prevailing economic malaise,” chief executive Peter Shea said yesterday.