Clarksons delivered a robust set of interim results, characterised by strong Broking profits but a lower than expected contribution of the Financial division. While we recognise that, as previously indicated, the delivery (and earnings) profile of the group's activities in broking and financial is likely to be more H2 weighted, we have prudently trimmed our forecasts on the back of capital markets weakness and a higher Minorities line. As a leading shipbroker, Clarksons remains in an excellen

17 Aug 2015
Panmure Research - Clarkson PLC Flash 17-08-15

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Panmure Research - Clarkson PLC Flash 17-08-15
Clarkson PLC (CKN:LON) | 3,600 1440 1.1% | Mkt Cap: 1,108m
- Published:
17 Aug 2015 -
Author:
Gert Zonneveld -
Pages:
4 -
Clarksons delivered a robust set of interim results, characterised by strong Broking profits but a lower than expected contribution of the Financial division. While we recognise that, as previously indicated, the delivery (and earnings) profile of the group's activities in broking and financial is likely to be more H2 weighted, we have prudently trimmed our forecasts on the back of capital markets weakness and a higher Minorities line. As a leading shipbroker, Clarksons remains in an excellen