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Arbuthnot banks on final results in line with expectations
Arbuthnot Banking Group issued a pre close trading update on Thursday, ahead of its final results announcement for the year ended 31 December, which was scheduled for 28 March.
The AIM-traded firm said it had continued to trade well in the fourth quarter of 2017, and as a result anticipated reporting full year pre-tax profits in line with market expectations.
"As previously announced, the group continues to explore opportunities to develop new businesses organically, thereby diversifying its sources of income, and the Group will update on progress of these initiatives in the final results," the board explained in its short statement.
"The launch of such new businesses in 2018 will be supported by certain upfront investment, such as the hiring of additional teams."