Phillip Capital’s UK Subsidiary Reports Very Weak 2016 Results
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Phillip Capital’s UK Subsidiary Reports Very Weak 2016 Results
The Singapore-based global financial company under the name Phillip Brokerage Pte Ltd has reported its 2016 figures for their UK entities including King & Shaxson Capital Ltd and its Phillip Securities Nominees UK entity, where the subsidiary group recorded a profit before tax of just £852,964 (compared with £2,464,004 for its year ending June 30th, 2015).
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The UK group includes PhillipCapital UK, the FCA-regulated brand offering FX and CFDs retail margin trading. The parent company has had a 100% interest in the UK group since 2002 and includes ... (read more)
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