Fiske narrows losses in H1 amid uptick in commission revenue

Independent stockbroking and investment company Fiske narrowed its losses in the first half of the year thanks to an uptick in revenue, underpinned by stronger commissions. For the year ended 31 May 2020, pre-tax losses narrowed to £127,000 from £381,000 year-on-year as revenue rose 17% to £5.4 million. The Covid-19 lockdown had not had much of an impact on its business, the company said. 'After an increase in revenues in the first half, they continued to grow in the second half of the year. This was assisted by strong commission revenue during a period of market... Read More

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