Arbuthnot sees FY profits ahead of market views

Arbuthnot Banking said on Thursday that full-year pre-tax profits were set to be ahead of market views after it continued to trade well in the fourth quarter of 2022.

Consensus market expectations are for £17.3m.

In a very brief update, it said: "Having invested in and developed a business model designed for higher interest rates the bank has benefitted from further rises in the Bank of England base rate."