Sponsored by
Noble Grossart profits up 81%
EDINBURGH-BASED merchant bank Noble Grossart has recorded an 81 per cent hike in profits to £14.7 million over the past year.
The firm, which is run by Scotland's best-known merchant banker, Sir Angus Grossart, reported the rise in accounts submitted to Companies House covering the year to January 31.
The leap in pre-tax profits follows several years of laboured performance for the bank, which attributed the rise to a recovery in free income and an increase in dividends from its investments in stock market-listed companies.
The accounts also show that the remuneration of the highest paid shareholder – believed to be Sir Angus – rose by 35,000 to 514,000 over the past year.
The 70-year-old is a former vice-chairman of banking giant RBS.
Email to a friend
Print this page- Rangers takeover: Duff & Phelps threaten legal action against BBC
- Family mourn death of Glasgow ‘fight’ schoolboy
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Rangers administration: Fans fear Duff & Phelps claims could scare off Green
- Rangers takeover: triple penalty punishment enough, says Johnston
- Alistair Darling leads ‘No to independence’ fight over tea and biscuits
- Scottish independence: SNP flip-flops over Nato
- Scottish Independence: SNP ‘won’t be Yes campaign’s only voice’
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Scottish independence: ‘People here are best qualified to run Scotland’
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Saturday 26 May 2012
Today
Sunny
Temperature: 8 C to 20 C
Wind Speed: 16 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 11 C to 21 C
Wind Speed: 10 mph
Wind direction: North east
