Brexit and oil price stymie Burness Paull as profit drops 8%

Burness Paull has felt the effect of economic and political uncertainty more than most this year, reporting muted growth and an 8% drop in profit as two of its biggest markets struggled.

Revenue at the Scottish independent was up a sluggish 2% to £58.5m for the 2018/19 financial year, while profit fell to £22m from £23.8m. Two of the firm’s biggest markets – oil and gas and commercial property – had a slow first six months, heavily weighing on the result.

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