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.
هذه القصة مأخوذة من طبعة January 25, 2024 من Evening Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 25, 2024 من Evening Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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