Broking Profits Drop Sharply At Harlow Butler Parent MAI

BROKERS

Money and securities broking profits at MAI, which owns foreign exchange broker Harlow Butler, dropped sharply for the six months to 31 December last year, according to interim results for the company, which reports on a June-to-June fiscal year. Officials attributed the reduction to low volumes in the financial markets.

The broking profits fell from what officials called "exceptional levels" of £28 million for the first six months of the 1993-1994 fiscal year to £16 million for the first six