Trading still challenging at broker Arden Partners

Investors in Arden Partners, gathering for the company’s annual general meeting on Wednesday morning, were reminded of the challenging market the broker remained in.

The AIM-traded firm’s chairman Luke Johnson addressed the shareholders, saying: “As indicated in my statement in the 2016 Annual Report & Accounts, the trading environment for the broking sector remains extremely challenging.”

Johnson said the company was formally engaged on “several corporate mandates”, which the board was working to deliver in coming months, subject to market conditions.

“The new trading team, combined with our existing research, distribution and corporate capabilities, provide a strong platform to develop the business and we continue to look to further enhance our offering going forward, through additional new hires.”