Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Archive

Cornerstone FS 'acts as consolidator in fragmented foreign exchange sector'

Cornerstone FS 'acts as consolidator in fragmented foreign exchange sector'

Cornerstone FS PLC (AIM:CSFS) (Cornerstone FS PLC (AIM:CSFS)) Julian Wheatland joins Proactive London's Katie Pilbeam after an improvement in revenues and profit margins last year.

Wheatland says they expect to report full year revenue of approximately £2.3mln, which would represent a year-on-year increase of 38%.

Second-half revenue was roughly 75% higher than in the first six months, driven by increased sales to direct clients, especially via the Asia team that was brought on board in the second half.

And direct clients made up 56% of turnover, compared with 12% for the previous year, with the introducer network making up the remaining 44%.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK