Arbuthnot Banking Group plc (LON:ARBB) is the topic of conversation when Mark Thomas, Analyst at Hardman & Co joins DirectorsTalk. Mark explains why he called is note ´2020 results in line; 2021 outlook: strong recovery´, what drove the fall in profits, so that ABG broke even only on an underlying basis, provides more detail around new opportunities and the strategic direction of the firm.
Arbuthnot Banking Group: 2020 results in line; 2021 outlook: strong recovery
The key highlights from Arbuthnot Banking Group plc (LON:ARBB) FY’20 results were a small loss (as expected), with breakeven excluding deal costs. Margin pressure (from base-rate cuts) and a £2m rise in impairments, despite there being