Small-cap share slump hits Close
Wednesday 14 March 2012
Private investors almost stopped punting on AIM and small-cap shares as the eurozone crisis raged between September and December, making a dent in profits at the leading market maker in the sector, Winterflood, which is owned by Close Brothers.
Winterflood's contribution to Close's first-half profit fell from £25m to £8.4m, with average income per trade down from £11 to £6.
Group operating profits for the six months to end-January were flat at £63.2m.
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