Arbuthnot: Lender has ‘key advantage’ ahead of Bank of England rate cuts Banking Arbuthnot Banking Group is well-positioned for further interest rate cuts from the Bank of England, according to analysts despite its profit dropping by more than £10m during its latest financial year. The lender booked a £35.1m pre-tax profit in its full-year results – a drop of over £10m from 2023. Arbuthnot’s net interest margin – [...]
Arbuthnot shares dip as falling interest rates weigh on profit Banking Arbuthnot Banking Group faced the sting of easing interest rates in its annual results report as profit at the historic lender tumbled. The AIM-listed bank recorded £35.1m in profit before tax in its full-year results, a drop of over £10m from the £47.1m booked in 2023. Shares at the lender were down as much as [...]
Arbuthnot: Historic bank leans on wealth unit as rate cut hits lending income Banking Arbuthnot Banking Group reported growth in its wealth management arm as the historic lender looks to weather a fall in interest rates.