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Shore Capital boosts profits

BOUTIQUE investment bank Shore Capital signalled a cautious return to the good times yesterday, posting a 13.4 per cent rise in first half profit and adding it was on the lookout for acquisitions.<br /><br />Shore reported a pre-tax profit of &pound;2.3m for the six months to end of June. Sales also rose 13 per cent to &pound;14.8m. &ldquo;Things have picked up,&rdquo; said managing director Graham Shore. &ldquo;The change in sentiment may be volatile, but... I think we are over the absolute worst.&rdquo; The firm added it had &pound;35m of undrawn credit facilities.