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Transport

Clarkson sails higher as shipbroking and finance businesses thrive

Shares in the company hit an all-time high of £42.25 in early November

Shares in Clarkson PLC were up 6.5% to £39.25 on Monday morning on the back of a strong trading update.

The provider of integrated shipping services announced that following sustained strong trading in the second half of the year, its results for the year ending 31 December are expected to exceed current market expectations.

Profit before tax should be at least £65mln, the FTSE 250 group said, after a strong performance across all divisions, especially its financial and broking divisions.

Shares in the company hit an all-time high of £42.25 in early November.

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