Shore sets sail for Guernsey

Shore Capital will move to Guernsey in a bid to pay less tax and find a neutral base for its international business operations. Howard Shore, chairman and founder, said tax was not the driving motivation in the switch but was a consideration. The West End stockbroking house will move later this month. The move ties in with plans to demerge a German property fund acquired last year. Shore employs more than 100 people and is valued at £92m.