Collins Stewart Profits Plunge by 82 Per Cent ; Stockbroking

Summary

---

Stockbroker and takeover target Collins Stewart (CLST) yesterday said first-half profits had plunged by 82 per cent amid stock market turmoil and warned of tough trading into at least 2009.

The group, which last week revealed talks over a potential sale, posted pre-tax profits of pounds 9.6 million in the first six months of the year, against pounds 52 million a year ago.

See the full content of this document

Extract

---

Collins Stewart Profits Plunge by 82 Per Cent ; Stockbroking

Collins Stewart said the fall came after the credit crunch hit appetite f...

See the full content of this document

---