Conister Trust has warned shareholders to expect a loss in the first half of the year.
A statement released to the Stock Exchange refers to "extremely competitive conditions"

The statement says that " further to the outlook statement in the full year's results announced on May 4, trading conditions in the traditional businesses remain extremely competitive and the board now expects this will result in a loss for the first half of the year".

The group said the newly reconstituted board is confident in the successful
future of the group and it is implementing new business opportunities, which it
said will be the subject of separate announcements in due course.

At the annual general meeting the Directors of Conister announced that Jim Mellon was to take over as Non Executive chairman.
regulatory approval.

Earlier this year Jerry Linehan. formerly with Barclays, RBSI and Isle of Man Bank joined the firm as CEO.