Alliance Trust Savings returns to profit after Stocktrade acquisition

Profit for the first half of the year stood at £400,000, compared to a loss of £1.1m for the same period in 2015, according to its H1 results released on 10 August. The platform also reported a 40% rise in assets under administration and 31% net increase in customer accounts during the first half of the year. Assets under administration rose from £8.5bn at 31 December 2015 to £12bn at 30 June 2016. In the same period, customer accounts saw a net increase of just over 26,000 equating to a 31% rise. This growth was driven by the completion of the Stocktrade acquisition alongside furt...