Financial Times FT.com

Lehman Brothers - Companies & Markets

Shore looking for acquisitions

By Megan Murphy, Investment Banking Correspondent

Published: August 19 2009 22:52 | Last updated: August 19 2009 22:52

Shore Capital, the boutique investment bank that focuses on alternative asset classes, said it would look to acquire “value opportunities” in the market as it reported a 13 per cent increase in pre-tax profits for the first half of the year.

Strong performances by the firm’s equity capital markets and asset management divisions drove total revenue growth of nearly 13 percent across the group.

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