Counting down the most read stories on thewealthnet this week...
10.
Brown Shipley revealed it produced a profit before tax of £2 million in 2020, a slight fall on the £2.3 million recorded a year earlier.
The UK private bank, owned by Quintet, said its results were distorted by the impact of its purchase and integration of £1 billion Cambridge manager NW Brown. An underlying pre-tax profit of £6.7 million was more indicative of true performance, its report stated. This compared to 2019’s £7.1 million underlying profit figure. [Read more...
