Broking houses that boomed during lockdown as a new breed of investors played markets have lately found life much harder.
In the half-year to November revenue was down 9% to £472 million. The active client base fell from 312,000 to just over 296,000 - a familiar tale for City brokers.
Corcoran was appointed as CEO in January, replacing June Felix who has overseen a rapid expansion, not just in the UK.
Critics of the industry note that most punters lose money, whatever the sector's claims to be a vehicle for sophisticated investors to balance risk.
Diese Geschichte stammt aus der January 25, 2024-Ausgabe von Evening Standard.
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