Half Year Results 

Tide could be turning for Clarkson

Tide could be turning for Clarkson

Troubles with the investment banking division at Clarkson (CKN) have continued into the current financial year. Chief financial officer Jeff Woyda said that the company has a significant number of transactions in the pipeline, but the near closure of the capital markets it operates within has preventing these from completing. Geopolitical tensions and the trade war between the US and China, have weighed on investor sentiment and in some cases forced delivery of certain goods to take different and often longer routes to their destination. At group level, strong trading in broking with profit growth of 37 per cent helped to compensate for the 77 per cent drop in operating profit in the financials business.

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