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Arbuthnot Banking Group PLC issued a pre-close trading update on 23 February 2023 for the year ended 31 December 2022. The Group expects to report pre-tax profits ahead of current consensus market expectations, which stand at £17.3m. The final results announcement for the year ended 31 December 2022 is scheduled for 30 March 2023.
| Date | 23 Feb 2023 |
| Time | 07:00:08 |
| Category | Trading updates |
| ID | 8271Q |
FOR IMMEDIATE RELEASE
23 February 2023
Arbuthnot Banking Group PLC
Pre Close Trading Update
Arbuthnot Banking Group PLC ("Arbuthnot" or "the Group") today issues a pre close trading update ahead of its final results announcement for the year ended 31 December 2022, which is scheduled for 30 March 2023.
The Group continued to trade well in the fourth quarter of 2022. Having invested in and developed a business model designed for higher interest rates the Bank has benefitted from further rises in the Bank of England base rate. Accordingly, the Group therefore expects to report pre-tax profits ahead of consensus market expectations which the Group believes currently stand at £17.3m.
Enquiries:
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Arbuthnot Banking Group |
020 7012 2400 |
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Sir Henry Angest, Chairman and Chief Executive |
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Andrew Salmon, Group Chief Operating Officer |
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James Cobb, Group Finance Director |
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Grant Thornton UK LLP (Nominated Adviser and AQSE Corporate Adviser) |
020 7383 5100 |
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Colin Aaronson |
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Samantha Harrison |
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George Grainger |
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Ciara Donnelly |
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Shore Capital (Broker) |
020 7408 4090 |
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Daniel Bush |
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David Coaten |
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Tom Knibbs |
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H/Advisors Maitland (Financial PR) |
020 7379 5151 |
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Sam Cartwright |
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